A company issues bonds with a par value of $10,000,000 on January 1, 2013. The bonds have an annual coupon rate of 5%, pay interest semi-annually, and will mature in 5 years. If the market rate of interest on the bonds is 696 per year, then what is the carrying amount of the bonds on December 31, 2015? (Note: the company uses the effective interest method of amortization.) O a $9,729,140 O b. $9,688,486 O c. $9,649,015 O d. $9,610,695