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: 
-Calculate the issuance price if the market rate of interest is 12%.
A) $4,427,500.
B) $4,477,500.
C) $4,435,000.
D) $5,000,000.
Correct Answer:
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