S company issued $1,000,000, 20 years bonds on April 1st of 2015. The bond are d

S company issued $1,000,000, 20 years bonds on April 1st of 2015. The bond are dated 01/01/2015. The bonds pay 6% interest.The market rate on April 1st is 6%. How much will S company receive when the bonds are issued? Explain in detail.