20. On January 1, 2019, Jason Company issued $5.6 million of 11-year bonds at a 11% coupon interest rate to be paid annually. The following present value factors have been provided: Time Period Interest 11% PV of $1 0.317 0.388 0.261 PV of a $1 Annuity 6.207 6.805 5.687 9% 13% 11 Calculate the issuance price if the market rate of interest is 13%. a) $4,957,292 b) $5,600,000 c) $4,964,792. d) $5,007,292