Assume that on January 1, 2019, X issues $100,000 (100 bonds @ $1000 face value] bonds, due in five years with 9 percent interest payable annually at year-end. At the time of issue, the market rate of interest for such bonds is 12 percent. The selling price of bonds is $83,876 a 0 $89,186 bo $103,543.co $92,608 .do