On January $1,2022,$ Ellison Co$.$ issued eight$-$year bonds with a face value of

$$1,000,000$ and a stated interest rate of $6\%,$ payable semiannually on June $30$ and

December $31.$ The bonds were sold to yield $8\%.$ Table values are:

The issue price of the bonds is

a$)$ $$882,560$

b$)$ $$884,820$

c$)$ $$889,560$

d$)$ $$999,600$