On January $1,2025,$ Blossom Co$.$ issued ten$-$year bonds with a face value of $$4,000,000$ and a stated interest rate of $10\%,$ payable

semiannually on June $30$ and December $31.$ The bonds were sold to yield $12\%.$ Table values are:

Present value of $1$ for $10$ periods at $10\%$

$0\mathrm{.}38554$

Present value of $1$ for $10$ periods at $12\%$

$0\mathrm{.}32197$

Present value of $1$ for $20$ periods at $5\%$

$0\mathrm{.}37689$

Present value of $1$ for $20$ periods at $6\%$

$0\mathrm{.}31180$

Present value of annuity for $10$ periods at $10\%$

$6\mathrm{.}14457$

Present value of annuity for $10$ periods at $12\%$

$5\mathrm{.}65022$

Present value of annuity for $20$ periods at $5\%$

$12\mathrm{.}46221$

Present value of annuity for $20$ periods at $6\%$

$11\mathrm{.}46992$

$($a$)$

Calculate the issue price of the bonds. $($Round final answer to $0$ decimal places, e$.$g$.25,000.)$

Issue price of bond