Question: A bond payable is dated January 1, 2017, and is issued on that date. The face value of the bond is $125,000, and the

A bond payable is dated January 1, 2017, and is issued on that date. The face value of the bond is $125,000, and the fece rate of interest is %. The bond pays interest semiannually. The bond will mature in five years Use the appropriate present value table PV of $1 and PV of Annuity of $1 Required If required, round your answers to nearest dollar 1. What will be the issue price of the bond if the market rate of interest is 6% at the time of issuance? 2. What will be the issue price of the bond if the market rate of interest is 8% at the time of issuance? 3. What will be the issue price of the bond if the market rate of interest is 10% at the time of issuance?

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