ion Caldwell Company issued 10%, 10-year bonds that pay interest semiannually. The market rate of interest for such bonds is 8%. In computing the market price of these bonds, the appropriate interest rate is: Select one: O a. 8% O b. 4% O c. 5% O d. 10%.

Caldwell Company issued 10\%, 10-year bonds that pay interest semiannually. The market rate of interest for such bonds is 8%. In computing the market price of these bonds, the appropriate interest rate is: Select one: a. 8% b. 4% c. 5% d. 10%