A $900,000, ten-year, 4% bond, was sold to yield 5% interest payable annually. Actuarial information for 10 periods is as follows:

Present value of 1 4% - 0.67556 5% - 0.61391

Present value of an annuity of 1 4% - 8.110090 5% - 7.72174

Refer to table above ^ the discount or premium at the date of bond issuance would be:

A) $3 discount

B) $69,498 discount

C) $73,004 discount

D) $72,995 discount