skysong inc. manufactures cycling equipment. Recently the company's vice president of the operations has requested construction of a new plant to meet the increasing demand for the company's bikes. After a careful evaluation of the request, the board of directors has decided to raise funds for the new plan by issuing $2,250,000 of 9% term of corporate bonds on March 1st, 2023, due on March 1, 2037, with interest payable each March 1 and September 1. At the time of issuance, the market interest rate for similar financial instruments is 8%.

Selling Price of the bonds is:

What is the basis of measurement for the bonds?

Is there any measurement uncertainty that requires disclosure in Skysong's financial statement notes?