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30. On July 1, 2014, when the market rate of interest was 8%, TTS Corporation issued $100,000 of 10%, 10-year bonds, interest payable June 30

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30. On July 1, 2014, when the market rate of interest was 8%, TTS Corporation issued $100,000 of 10%, 10-year bonds, interest payable June 30 and December 31. The bonds were issued at 103. TTS's fiscal year ends December 31. What is the issue price of the bonds on July 1, 2014? a. 100,000 b. 97,000 c. 103,000 d. 108,000 e. None of the above

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