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Dallas Co . sells $ 8 0 0 , 0 0 0 of 1 2 % bonds on January 1 , 2 0 2 5

Dallas Co. sells $800,000 of 12% bonds on January 1,2025. The bonds pay interest semi-annually on June 30 and December
The maturity date of the bonds is January 1,2029. The bonds are priced with a market rate of 10%.
The present value factors for these bonds are:
Present value of a single sum
Present value of ordinary annuity
What is the appropriate issue price for these bonds?
$750,322
$851,706
$751,402
$850,717
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