Question: Downing Company issues 5,000,000,6%, 5-year bonds dated January 1, 2019 on January 1, 2019. The bonds pay interest annually on June 30 and December 31.

Downing Company issues 5,000,000,6%, 5-year bonds dated January 1, 2019 on January 1, 2019. The bonds pay interest annually on June 30 and December 31. The bonds are issued to yield 5%. What are the proceeds from the bond issue? O 5,281,435 O 5,218,809 O 5,217,308 O 5,000,000

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