3. On January 1, 2016, a company issued $400 500 of 10-year, 12% bonds. The interest is payable semi annually on June 30 and December 31 The lssue price was $414153 based on a 10% market interest rate. The effective-interest method of amortization is used. What is the book value of the bond liability as of June 30, 2016 (to the nearest dollar)? O $403.822 O $400,500 O $410,831. $417475