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Kelly Industries issued 10% bonds, dated January 1, with a face value of $120,000 on January 1, 2021. The bonds mature in 2031 (10 years).

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Kelly Industries issued 10% bonds, dated January 1, with a face value of $120,000 on January 1, 2021. The bonds mature in 2031 (10 years). Interest is paid semiannually on June 30 and December 31 . For bonds of similar risk and maturity the market yield is 11\%. What was the issue price of the bonds? EV. of \$1. PV of \$1. FVA of \$1. PVA of \$1, EVAD of \$1 and PVAD of S1) (Use appropriate factor(s) from the tables provided.) Multiple Choice 571702. 583,132 5112,830 $17,967

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