On January 1, 2024, Cullumber Co. issued eight-year bonds with a face value of $5920000 and a stated interest rate of 10%, payable semiannually on June 30 and December 31. The bonds were sold to yield 12%. Table values are: Present value of 1 for 8 periods at 10% 0.46651 Present value of 1 for 8 periods at 12% 0.40388 Present value of 1 for 16 periods at 5% 0.45811 Present value of 1 for 16 periods at 6% 0.39365 Present value of annuity for 8 periods at 10% 5.33493 Present value of annuity for 8 periods at 12% Present value of annuity for 16 periods at 5% 4.96764 10.83777 Present value of annuity for 16 periods at 6% 10.10590 The issue price of the bonds is $5920050. $5920018. $5321754. $5331812.