Question: On January 1 , 2 0 2 2 , Broker Corporation issued $ 3 , 0 0 0 , 0 0 0 par value 1

On January 1,2022, Broker Corporation issued $3,000,000 par value 12%,10-year bonds which pay interest each December 31. If the market rate of interest was 14%, what was the issue price of the bonds? (The present value factor for $1 in 10 periods at 12% is 0.3220 and at 14% is 0.2697. The present value of an annuity of $1 factor for 10 periods at 12% is 5.6502 and at 14% is 5.2161.)
Group of answer choices
$2,686,896.
$3,339,084.
$2,843,172.
$3,000,000.

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