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16. S (rounded to nearest dollar) A ten year bond issue with a face amount of $100,000 bears interest at the rate of 8.4%. The

16. S (rounded to nearest dollar) A ten year bond issue with a face amount of $100,000 bears interest at the rate of 8.4%. The current market rate of interest is 8.6%. Determine the issue price of this annual bond.
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16. : rounded to nearest dollar) A ten year bond issue with a face amount of $100,000 bears interest at the rate of 8.4%. The current market rate of interest is 8.6%. Determine the issue price of this annual bond

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