The principal amount is $80,000, 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 9%. What is the present value of the bond at the market rate?
A)$84,456
B)$44,936
C)$40,160
D)$87,290

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The Answer of The principal amount is $80,000, 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 9%. What is the present value of the bond at the market rate?
A)$84,456
B)$44,936
C)$40,160
D)$87,290

The Principal Amount Is $80,000, the Stated Rate Is 10