The face value is $82,000,the stated rate is 10%,and the term of the bond is eight years.The bond pays interest semiannually.At the time of issue,the market rate is 8%.What is the present value of the bond at the issue date? Present value of $1:
Present value of ordinary annuity of $1:

A)$91,561
B)$47,773
C)$43,673
D)$84,788

Question

The face value is $82,000,the stated rate is 10%,and the term of the bond is eight years.The bond pays interest semiannually.At the time of issue,the market rate is 8%.What is the present value of the bond at the issue date? Present value of $1:
 Present value of ordinary annuity of $1:

A)$91,561 
B)$47,773 
C)$43,673 
D)$84,788

Quizplus · Accepted Answer

11ea8a75_42cc_dbbf_a2a1_8b971fc6ca6b_TB6701_00 11ea8a75_42cd_29e0_a2a1_293a6da046d5_TB6701_00

The Face Value Is $82,000,the Stated Rate Is 10%,and the Term