Use the Present Value tables, from the Appendix of your textbook, to answer all questions on this Quiz. Round each portion of your answer to the nearest dollar.

Greene Corp. issued bonds on January $1,2022$ with the following terms:

Face Value: $$200,000$

Coupon rate of interest: $6\%$

Term: $5$ year

Interest: Semi$-$annual interest due on $6/30$ and $12/31$

Market rate of interest: $4\%$

Determine what investors paid $($the selling price$)$ for these bonds:

Select one:

a$.$ $$209,427$

b$.$ $$175,704$

c$.$ $$274,262$

d$.$ $$200,000$

e$.$ $$217,966$