Question: velangelo's Craft Center issues 7 % , 9 - year bonds with a face amount of $ 1 0 0 , 0 0 0 .

velangelo's Craft Center issues 7%,9-year bonds with a face amount of $100,000. The market interest rate for bonds of similar risk maturity is 8%. Interest is paid semiannually.
uired:
hat price will the bonds be issued? Use a financial calculator or Excel. (Do not round intermediate calculations. Round final wer to the nearest dollar amount.)
ue price
velangelo's Craft Center issues 7 % , 9 - year

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