Can someone explain this?

On April 1, Martin Co. issued 1,000 of its \\( \\$ 1,000 \\) face amount \10 bonds at 97 . The bonds are dated January 1 of the same year, and will mature in 10 years. Martin pays interest semiannually on January 1 and July 1 . What amount of cash did Martin receive at the time of issuance? A. \\( \\$ 1,050,000 \\) B. \\( \\$ 995,000 \\) C. \\( \\$ 971,500 \\) D. \\( \\$ 970,000 \\) Item ID: 45357 Key: B