Exercise 14-6 Calculating the issue price using business calculator PV function L04 Chinook Inc. has available for issue a $3,215,000 bond due in eight years. Interest at the rate of 7.50% is to be paid semiannually. Calculate the issue price if the market interest rate is: (Do not round intermediate calculations. Round the final answers to the nearest whole dollar.) Issue Price Market Interest Rate a. 7.00% b. 7.50% C. 8.25%