On January 1, Year 4, Jones Realty Company Issued 8

On January 1, Year 4, Jones Realty Company issued 8 percent term bonds with a face amount of $1 million due January 1, Year 14.Interest is payable semi-annually on January 1 and July 1.On the date of issue, investors were willing to accept an effective interest rate of 6 percent.Assume the bonds were issued on January 1, Year 4.for $1,148,959.The bonds were issued on January 1, Year 4, at

A) a premium.
B) an amortized value.
C) a discount.
D) face value.
E) par value.

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