On July 1st, 2014 when the market rate of interest was 8%, TTS corporation issued $100,000 of 10%, 10-year bonds, interest payable June 30th and Dec 31. The bonds were issued at 103. TTS's fiscal year ends December 31st. What is the issued price of the bonds on July 1,2014? A. 100,000 B. 97,000 C. 103,000 D. 108,000 E. None of the above