None of the above. 4 pts Question 12 On January 1, 2020 CMC Corporation issued $3,500,000, 10 year, 8% bonds. The bonds pay interest semi-annually. At the time of issuance the market rate of interes is 12%. Calculate the issue price of the bond. (Round to the nearest dollar) $4,451,334 $2,697,089 O $4,234,680 $1,917.926 O $3,167,063