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Need the answer ASAP please On January 1, 2021, Teak Inc. issued $100,000 of 10% bonds, dated January 1. Interest is payable semiannually on June

Need the answer ASAP please image text in transcribed
On January 1, 2021, Teak Inc. issued $100,000 of 10% bonds, dated January 1. Interest is payable semiannually on June 30 and December 31 . The bonds mature in 20 years. The annual market rate for bonds of similar risk and maturity is 12%. What was the issue price of the bonds? (FV of $1 . PV of \$1. FVA of \$1, PVA of \$1, FVAD of \$1 and PVAD of \$1) (Use appropriate factor(s) from the tables provided.) Multiple Choice $84.954 $95.517 $23,927 $90,517

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