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On January 1, 1996, Colt Co. Issued ten-year bonds with a face amount of $1,000,000 and a stated interest rate of 8% payable annually on January 1. The bonds were priced to yield 10%. Present value factors are as follows: The total issue price (rounded) of the bonds was a. $1,000,000. b. $980,000. c. $920,000. d. $877, 600