On January 1, year 1, ABC. Corp. issued bonds as follows:   USE THIS FORMULA PLEASE:   bond price = PV Factor x Face Value + Face Value x Stated Interest rate x PV Annuity factor   Face value $3000000   Stated (or coupon) annual rate of interest 6 % Coupon is paid twice annually.   Market annual rate of interest 8 %   Term in years 3   How much did the bond sell for? Round your answer to the nearest dollar.

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