On January 1, 2020, Oriole Company issued ten-year bonds with a face amount of $ 4700000 and a stated interest rate of 8% payable annually on January 1. The bonds were priced to yield 10%. Present value factors are as follows: At 8% At 10% Present value of 1 for 10 periods 0.463 0.386 Present value of an ordinary annuity of 1 for 10 periods 6.710 6.145 The total issue price of the bonds was $ 4124720. $ 4700000. $ 4324000. $ 4606000