A company issues $4\%$ loan notes with a nominal value of $$20,000.$ The loan notes are issued at a discount of $2\mathrm{.}5\%$ and $$534$ of issue costs are incurred.

The loan notes will be repayable at a premium of $10\%$ after $5$ years. The effective rate of interest is $7\%.$

Required:

The value recorded on the initial measurement of the loan notes is:

A$$ $$18,966$

B$$ $$19,466$

C$$ $$19,500$

D$$ $$20,034$