An investor purchases a 20 -year, $1,000 par value bond that pays semiannual interest of $50. If the semiannual market rate of interest is 6%, what is the current market value of the bond? Note: Use tables, Excel, or a financial calculator. (FV of $1, PV of $1, FVA of $1, PVA of $1,FVAD of $1 and PVAD of $1 ) Multiple Choice $849 $1,000 $889 $1,752 Kelly Industries issued 11\% bonds, dated January 1, with a face value of $100,000 on January 1, 2024. The bonds mature in 2033 (10 years). Interest is paid semiannually on June 30 and December 31. For bonds of similar risk and maturity the market yield is 12%. What was the issue price of the bonds? Multiple Choice $94,265 $62,256 $63,273 $94,349