On January 1, 2018, bonds with a face value of $120,000 were sold. The bonds mature on January 1, 2028. The face interest rate is 6%. The bonds pay interest semiannually on July 1 and January 1 . The market rate of interest is 8%. What is the market price of the bonds on January 1 2018? The present value of $1 for 20 periods at 4 is 0.456. The present value of an ordinary annuity of $1 for 20 periods at 4% is 13.59. The present value of $1 for 20 periods at 3% is 0.554. The present value of an ordinary annuity of $1 for 20 periods at 3% is 14.878. (Round your final answer to the nearest dollar) O A. $120,041 OB. $103.644 O c. $123,600 OD, $120.000