On January 1, 2010 KP Corporation issued $2,500,000, 8 year, 8% bonds. The bonds pay interest semi-annually. At the time of issue the market rate of interest was 10%. Calculate the issue price of the bond. $4,248,000 BY$2,229,052 C) $2,234,500 y $2,500,000 E) None of the above.