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:

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:

Quizplus · Accepted Answer

A)
 11ea86ed_2c69_be45_8b27_450967803881_TB3056_00 11ea86ed_2c69_e556_8b27_a1ef78b77475_TB3056_00

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