On January 1, 2020, Oriole Company issued eight-year bonds with a face value of $6100000 and a stated interest rate of 6%, payable semiannually on June 30 and December 31. The bonds were sold to yield 8%. Table values are:

Present value of 1 for 8 periods at 6% 0.627Present value of 1 for 8 periods at 8% 0.540Present value of 1 for 16 periods at 3% 0.623Present value of 1 for 16 periods at 4% 0.534Present value of annuity for 8 periods at 6% 6.210Present value of annuity for 8 periods at 8% 5.747Present value of annuity for 16 periods at 3% 12.561Present value of annuity for 16 periods at 4% 11.652 The issue price of the bonds is

a. $5389716.

b. $5397402.

c. $6097560.

d. $5426316.