On January 1, 2025, Crane Co. issued ten-year bonds with a face value of $5,500,000 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%   0.38554 Present value of 1 for 10 periods at 12%   0.32197 Present value of 1 for 20 periods at 5%   0.37689 Present value of 1 for 20 periods at 6%   0.31180 Present value of annuity for 10 periods at 10%   6.14457 Present value of annuity for 10 periods at 12%   5.65022 Present value of annuity for 20 periods at 5%   12.46221 Present value of annuity for 20 periods at 6%   11.46992 Calculate the issue price of the bonds. (Round final answer to 0 decimal places, e.g. 25,000.) Issue price of bond

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