On January 1, 2020, Marigold Corp. issued eight-year bonds with a face value of $6250000 and a stated interest rate of 8%, payable semiannually on June 30 and December 31. The bonds were sold to yield 10%. Table values are: 0.540 0.467 0.534 Present value of 1 for 8 periods at 8% Present value of 1 for 8 periods at 10% Present value of 1 for 16 periods at 4% Present value of 1 for 16 periods at 5% Present value of annuity for 8 periods at 8% Present value of annuity for 8 periods at 10% Present value of annuity for 16 periods at 4% Present value of annuity for 16 periods at 5% 0.458 5.747 5.335 11.652 10.838 The issue price of the bonds is $5622000 $5586250 $5572000. $6248500