27. When the market rate of interest was 12%. Bergerud Corporation issued $1,000,000, 10%, 5-year bonds that pay interest semiannually. PV of S1 Periods 5% 12% 5 0.78353 0.74726 0.62092 0.56743 0.61391 0.55840 0.38554 0.32197 6% 10% PV of annuity of S1 Periods 12% 4.32948 4.21236 3.79079 3.60478 7.721747.36009 6.14457 5.65022 6% 10% 5% The selling price of this bond issue was: a. $892,680 b. $1,073,600 c. $926,405. d. $1,000,000