On January 1,2019,Jason Company issued $5 million of 10-year bonds at a 10% coupon interest rate to be paid annually.The following present value factors have been provided: 
- What was the issuance price of the bonds if the market rate of interest was 8%?
A) $5,000,000.
B) $5,670,000.
C) $5,387,500.
D) $5,712,500.
Correct Answer:
Verified
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