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Hunton Co. issued a $10,000, 3-year, 6% bonds on January 1, 2005. The market interest rate is 5%. What is the market value (or issuing

Hunton Co. issued a $10,000, 3-year, 6% bonds on January 1, 2005. The market interest rate is 5%. What is the market value (or issuing price) of Hunton's bond on Januray 1, 2005? $9,911.30 $10,432.95 $10,272.33 $8,432.95

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