Question: A bond payable is dated January 1, 2017, and is issued on that date. The face value of the bond is $135,000, and the face

A bond payable is dated January 1, 2017, and is issued on that date. The face value of the bond is $135,000, and the face rate of interest is 8%. 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? $fill in the blank 1 2. What will be the issue price of the bond if the market rate of interest is 8% at the time of issuance? $fill in the blank 2 3. What will be the issue price of the bond if the market rate of interest is 10% at the time of issuance? $fill in the blank 3

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