Question $37(3$ points$)$

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Grayson Company issues $$3,000,000,6\%,5-$year bonds dated January $1,20$X$1$ on January $1,20$X$1.$ The bonds pay interest semiannually on June $30$ and December $31.$ The bonds are issued to yield $5\%.$ What are the proceeds from the bond issue?

Question $37$ options:

$$2,485,012$

$$3,099,642$

$$3,000,000$

$$3,131,285$