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A 25 -year bond lasue of 4,500,000 and bearing interest at 3% payable annually is sold to yeld 3.25% compounded semicannually. What is the isauo

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A 25 -year bond lasue of 4,500,000 and bearing interest at 3% payable annually is sold to yeld 3.25% compounded semicannually. What is the isauo price of the bonds? The purchase price of the bond is $ (Round the frual anewer to the nearest cent as needed. Round all intermediale values to six decimal places as neeced.)

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