Vegas Company decides to raise cash for expanding its operation and thus issues $600,000 face value, 5-year, 4% face (coupon) interest rate, coupon bonds which pay interest semi-annually each June 30 and December 31. The bonds are sold in the open market on January 1, 20X1, at which time the market rate of interest on similar bonds is 3% Calculate the issuance price of the bonds at January 1, 20x1 Use Table 2 and Table 4. Multiple Choice $627,668 $600,002