Question: ques The face value is $87,000, the stated rate is 10%, and the term of the bond is eight years. The bond pays interest semiannual.

ques The face value is $87,000, the stated rate is 10%, andques

The face value is $87,000, the stated rate is 10%, and the term of the bond is eight years. The bond pays interest semiannual. At the time of issue, the market rate is 8%. What is the present value of the bond at the market rate? Present value of $1: Present value of annuity of $1: (A) $50,686 (B) $97,144 (C) $89,958 (D) $46,336

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