On January 1,2024 , Cullumber issued $4,400,000,4% bonds. Interest is payable semi-annually on June 30 and December 31 . The bonds mature on January 1,2034 . The bonds are sold to yield 12%. (a) Calculate the issue price of the bonds. (Round factor values calculations to 5 decimal places, e.g. 2.55555 and final answer to 0 decimal places, e.g. 25,000.) Issue price of bond $