Concord Corporation issued $112000 of ten-year, 10% bonds that pay interest semiannually. The bonds are sold to yield 8%. One step in calculating the issue price of the bonds is to multiply the face value by the table value for

a. 10 periods and 10% from the present value of 1 table

b. 20 periods and 5% from the present value of 1 table

c. 20 periods and 4% from the present value of 1 table

d. 10 periods and 8% from the present value of 1 table