On January 1, 2021, Ellison Co. issued eight-year bonds with a face value of $1,000,000 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%... Present value of 1 for 8 periods at 8%.. Present value of 1 for 16 periods at 3%.. Present value of 1 for 16 periods at 4%. Present value of annuity for 8 periods at 6%. Present value of annuity for 8 periods at 8%. Present value of annuity for 16 periods at 3%.. Present value of annuity for 16 periods at 4%.. The issue price of the bond is a. $884,820 b. $999,600 c. $883,560 d. $889,560 .627 .540 .623 .534 6.210 5.747 12.561 11.652