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2. On January 1, 2021, Jason Company issued $5 million of 10 -year bonds at a 10% stated interest rate to be paid annually. The following present value factors have been provided: What was the issuance price of the bonds if the market rate of interest was 8%?.

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2. On January 1, 2021, Jason Company issued $5 million of 10 -year bonds at a 10% stated interest rate to be paid annually. The following present value factors have been provided: What was the issuance price of the bonds if the market rate of interest was 8%?

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