3. ( 3 points) A company issues $2,000,000 of 3% term corporate bonds on January 1,2022 , due on January 1, 2037, with interest payable semiannually. The current market rate of interest for bonds of similar risk is 5%. What is the selling price of the bonds? Write your final answer here: 3. ( 3 points) A company issues $2,000,000 of 3% term corporate bonds on January 1,2022 , due on January 1, 2037, with interest payable semiannually. The current market rate of interest for bonds of similar risk is 5%. What is the selling price of the bonds? Write your final answer here