On January 1 , 2011 , Jason Company issued $5 million of 10 - year bonds at a 10% stated interest rate to be paid annually . The following present Value factors have been provided to answer the subsequent questions : Time Period Interest PV Of'S PV of Annuity* 10 10%' 5. 145 10 0. 463 10 0. 327 5. 650 Calculate the issuance price if the market rate of interest is $96 $5, 670, 0100