Problem: Cottle Corporation issued $600,000 of 15-year bonds on January 1. The bonds pay interest on January 1 and July 1 with a stated annual rate of 8 percent. If the market rate of annual interest at the time the bonds are sold is 6 percent, what will be the issue price of the bonds? (If PV tables are used, select the closest answer from the options provided.) Question options: A) $665,214 B) $496,116 C) $717,603 D) $702,564