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On January 1 , 2 0 2 3 Bouvier Inc. issued 8 % bonds. These bonds have a par value ( face value, maturity value

On January 1,2023 Bouvier Inc. issued 8% bonds. These bonds have a par value (face value, maturity value) of $1,000,000, pay interest semiannually on June 30 and December 31 of each year, and mature in 10 years. The bonds were issued to yield the market rate of 10%. The issue price of these bonds would be: (note if using calculator choose closest answer)
A. $875,378
B. $920,503
C. $1,000,000
D. $789,692
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