Determine the present value of bonds with a face value of $140,000, stated interest rate of 12%, and the term of the bond is nine years. The bond pays interest semiannually. At the time of issue, the market rate is 10%. Present value of $1: 4% 5% 6% 7% 8% 15 0.555 0.481 0.417 0.362 0.315 16 0.534 0.458 0.394 0.339 0.292 17 0.513 0.436 0.371 0.317 0.270 18 0.494 0.416 0.350 0.296 0.250 19 0.475 0.396 0.331 0.277 0.232 Present value of ordinary annuity of $1: 4% 5% 15 11.118 10.380 6% 7% 8% 9.712 9.108 8.559 A. $156,436 B. $254,632 C. $139,955 OD. $148,400 Present value of ordinary annuity of $1: 4% 5% 6% 7% 8% 15 11.118 10.380 9.712 9.108 8.559 16 11.652 10.838 10.106 9.447 8.851 17 18 12.659 11.690 10.828 10.059 12.166 11.274 10.477 9.763 9.122 9.372 19 13.134 12.085 11.158 10.336 9.604