Question: On January 1 , 2 0 2 4 , Eagle Corp issued $ 4 , 0 0 0 , 0 0 0 , 1 0

On January 1,2024, Eagle Corp issued $4,000,000,10 year ,12% bonds. The bonds pay interest semi annually. At the time of issuance the market rate of interest is 8%. Calculate the issue price of the bond (use the appropriate factor tables and round to the bearest dollar)

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