7) On January 1, a company issues 8%, 5 year, $300,000 bonds y interest semiannually each June 30 and December 31. Compute the price of the bonds on their issue date. that pa On the issue date, the annual market rate of interest for the bonds is 10%. The following information is taken from present value tables: 8.1109 .7217 Present value of an annuity for 10 periods at 5% 0.6756 0.6139 Present value of 1 for 10 periods at 4% 8) On January 1, a company issues 8%, 5 year, $300,000 bonds that pay interest semiannually each June 30 and December 31, On the issue date, the annual market rate of interest is 696. Compute the price of the bonds on their issue date. The following information is taken from present value tables: Present value of an annuity for 10 periods at 3% Present value of an annuity for 10 periods at 4% Present value of 1 due in 10 periods at 3% Present value of 1 due in 10 periods at 4% 8.5302 8.1109 0.7441 0.6756