Use the following information for questions.issued eight-year bonds with a face value of $1,000,000 and a stated interest rate of 6%, payable semiannually on June 30 and December 31.The bonds were sold to yield 8%.Table values are: 
-The present value of the principal is
A) $534,000.
B) $540,000.
C) $623,000.
D) $627,000.
Correct Answer:
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