Help Save TB MC Qu. 10-157 On January 1, a company issues... On January 1, a company issues bonds dated January 1 with a par value of $370,000. The bonds mature in 3 years. The contract rate is 6%, and interest is paid semiannually on June 30 and December 31. The market rate is 7%. Using the present value factors below, the issue (selling) price of the bonds is: Present value of 1 (single na 3 6 3 6 Present Value of an Annuity (series of payments) 2.6730 5.4172 2.6243 5.3286 6.0% 3.0% 7.0% 3.5% 0.8396 0.8375 0.8163 0.8135 Multiple Choice O $59347 O $379,858