Question: QUESTION 6 Xtel company issued bond with face value is $90,000, the stated rate is 10%, and the term of the bond is 8 years.

QUESTION 6 Xtel company issued bond with face value is $90,000, the stated rate is 10%, and the term of the bond is 8 years. The bond pays interest semiannually. At the time of issue, the market rate is 8%. What is the present value of the bond (or Bond price) at the issue date? (Do NOT use or comma or any special symbol. Only give a number as your answer}(Round to the nearest dollar)

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