A corporation issued bonds on January 1, 2021 with the following terms: - Face Value: $500,000 - Coupon Rate of Interest 8\%, - Term: 10 years - Interest: Semi-annual payments on June 30 and December 31 - Market Rate of Interest 10\% What was the selling price of the bonds? \begin{tabular}{l} $244,780 \\ \hline$437,740 \\ \hline$315,900 \\ \hline$686,980 \\ \hline$500,000 \end{tabular}