On July 1, 2020, Most Inc. issued $1,000,000 face value, 8% semiannual coupon bonds maturing in 10 years. The bonds pay interest on June 30 and December 31 of each year. The bonds were initially priced to yield 10% compounded semiannually. The bonds were issued for $875,378. What is the carrying value of these bonds on December 31, 2020

a. $893,225

b. $925,239

c. $879,147

d. $1,000,000

e. $835,378