On January 1, 2013, Jason Company issued $5.1 million of 11-year bonds at a 11% 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
11	11%	0.317	6.207
11	9%	0.388	6.805
11	13%	0.261	5.687

What was the issuance price of the bonds if the market rate of interest was 9%?

A. $5,796,405.

B. $5,513,905.

C. $5,100,000.

D. $5,838,905.