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Cornerstone Exercise 944 Bond Issue Price On December 31,2022 , Goa Hot Rods issued $2,000,000 of 6%,10-year bonds. Interest is payable semiannually on June 30

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Cornerstone Exercise 944 Bond Issue Price On December 31,2022 , Goa Hot Rods issued $2,000,000 of 6%,10-year bonds. Interest is payable semiannually on June 30 and December 31. Required: What is the issue price if the bonds are sold to yield 8% ? (Note: Round to the nearest dollar.)

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