On January 1, 2011, Bondz, Inc issued $1,000,000 of 5%, 10-year bonds when the market rate of interest was 6%. The bonds pay interest annually on December 31

To calculate the amount of cash that Bondz received, you must use a discount rate of ________.
A) 20%
B) 6%
C) 5%
D) The answer cannot be determined from the information given.

B