On January 1, 2021, Sheridan Co. issued ten-year bonds with a face value of $4,500,000 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% 0.386 0.322 Present value of 1 for 10 periods at 12% Present value of 1 for 20 periods at 5% 0.377 Present value of 1 for 20 periods at 6% 0.312 6.145 5.650 Present value of annuity for 10 periods at 10% Present value of annuity for 10 periods at 12% Present value of annuity for 20 periods at 5% Present value of annuity for 20 periods at 6% 12.462 11.470 Calculate the issue price of the bonds. Issue price of bond $