A bond is issued at a face value of $$500,000$ on $1^{st}$ January $2023$ for $5$ years. Find the

issue price of the bond if the coupon rate is $10\%,$ and the market rate is $12\%.($Mark the

closest amount to your answer$).$

$$537,907\mathrm{.}87.$

$$463,952\mathrm{.}24.$