On January 2, 2020,Oriole Companywishes to issue $6300000(par value) of its8%, 10-year bonds. The bonds pay interest annually on January 1. The current yield rate on such bonds is10%. Using the interest factors below, compute the amount thatOriolewill realize from the sale (issuance) of the bonds.

Present value of 1 at8% for 10 periods

0.4632Present value of 1 at10% for 10 periods

0.3855Present value of an ordinary annuity at8% for 10 periods

6.7101Present value of an ordinary annuity at10% for 10 periods

6.1446

$6300000

$5525528

$6300038

$6967964