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On January 1 2024 cullumber LTD issued bonds with a maturity value of 6.7 million when the market rate of interest was 4% the bonds

On January 1 2024 cullumber LTD issued bonds with a maturity value of 6.7 million when the market rate of interest was 4% the bonds have a coupon interst rate of 5% and mature on january 1 2034. Interest on the bonds is payable semi annually on July 1 and January 1 of each year. The companys year end is december 31. Calculate the issue prices of the bonds

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