Rattler Corp. issued 5,000 convertible bonds on January 1, 2018, which mature on December 31, 2022. Each $1,000 bond is convertible into 5 common shares at the option of the investor. The bonds have a stated rate of 6% payable semi-annually on June 30 and Dec 31, and were issued at an effective rate of 5%. Similar bonds, without the conversion feature have an effective rate of 8%. What is the total cash received by Rattler Corp. for the issuance of this bond on January 1, 2018? 4,227,827 4,594,455 5,000,000 5,218,802