On January 1, 2018, bonds with a face value of $85,000 were sold. The bonds mature on January 1, 2028. The face interest rate is 10%. The bonds pay interest semiannually on July 1 and January 1. The market rate of interest is 12%. What is the market price of the bonds on January 1, 2018? The present value of $1 for 20 periods at 6% is 0.312. The present value of an ordinary annuity of $1 for 20 periods at 6% is 11.47. The present value of $1 for 20 periods at 5% is 0.377. The present value of an ordinary annuity of $1 for 20 periods at 5% is 12.462. (Round your final answer to the nearest dollar.) O A. $89,250 OB. $75,268 O C. $85.009 OD. $85,000