On January 1, 2013, Jason Company issued $4.6 million of 8-year bonds at a 8% stated interest rate to be paid annually. The following present value factors have been provided:

Time Period	Interest	PV of $1	PV of a $1 Annuity
8	8%	0.540	5.747
8	6%	0.627	6.210
8	10%	0.467	5.335

What was the issuance price of the bonds if the market rate of interest was 6%?

$5,211,980.

$5,169,480.

$4,886,980.

$4,600,000.