On December 31,2021 , Caraboo Corporation issues 6%,10-year convertible bonds payable with a face value of $3,000,000. The semiannual interest dates are June 30 and December 31. The market interest rate is 8%. Caraboo amortizes bond discounts using the effective-interest method. Read the requirements. Requirement 1. Use the PV function in Excel to calculate the issue price of the bonds. (Round your answer to the nearest whole doliar.) The issue price of the bends is On December 31,2021 , Caraboo Corporation issues 6%,10-year convertble bonds payable with a tace value of $3,000,000. The semiannual interest dates are June 30 and December 31 . The market interest rate is 8%. Caraboo amortizes bond discounts using the effective-interest method. Read the requirements. Requirement 1. Use the PV function in Excel to calculate the issue price of the bonds. (Round your answer to the nearest whole dollar.) The issue price of the bonds is On December 31,2021 , Caraboo Corporation issues 6%,10-year convertible bonds payable with a face value of $3,000,000. The semiannual interest dates are June 30 and December 31. The market interest rate is 8%. Caraboo amortizes bond discounts using the effective-interest method. Read the requirements. Requirement 1. Use the PV function in Excel to calculate the issue price of the bonds. (Round your answer to the nearest whole doliar.) The issue price of the bends is On December 31,2021 , Caraboo Corporation issues 6%,10-year convertble bonds payable with a tace value of $3,000,000. The semiannual interest dates are June 30 and December 31 . The market interest rate is 8%. Caraboo amortizes bond discounts using the effective-interest method. Read the requirements. Requirement 1. Use the PV function in Excel to calculate the issue price of the bonds. (Round your answer to the nearest whole dollar.) The issue price of the bonds is