The issuance amount per the bond contract is $3,000,000 and the contract carries a stated semi-annual interest rate of 6% with a term of ten (10) years. However, interest rates increased from the time of the contract was prepared and when the bonds were sold. Investors now require a higher rate of return. The bonds sell in the market at an interest rate of 8%. How much cash was raised from this bond issuance? In other words, at what price did the bond issuance sell?