On January 1, 2024, Oriole Co. issued eight-year bonds with a face value of $5940000 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: On January 1, 2024, Oriole Co. issued eight-year bonds with a face value of $5940000 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: The present value of the principal is $2771069. $2338281 $2721173 $2399047