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Gunther Industries issued bonds with a face value of $14,000,000 and a coupon rate of 5% paid semiannually for 4 years. The market rate of

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Gunther Industries issued bonds with a face value of $14,000,000 and a coupon rate of 5% paid semiannually for 4 years. The market rate of interest is 6%. How much is the market value of the bond using a present value table? A) $13,508,632 B) $13,876,450 C) $12,250,000 D) $13,595,692

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