3. On January 1, 2020, Queen Energy Inc. issued $270,000,10%,10-year bonds. Interest is payable semiannually on June 30 and December 31 . The corporation uses the effective interest method of amortizing bond premium or discount. Using the present value tables, estimate the issue price of the bonds under the following three assumptions: [ (1) Market Rate is 6% (2) Market Rate is 10% (3) Market Rate is 14%