On January 1, 2019, bonds with a face value of $70,000 were sold. The bonds mature on January 1, 2029 The face interest rate is 10% annually. The bonds pay interest semiannually on July 1 and January 1. The market rate of interest is 12% annually. What is the market price of the bonds on January 1, 2019? 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 10 periods at 12% is 0.322 The present value of an ordinary annuity of $1 for 10 periods at 12% is 5.65 (Round your final answer to the nearest dollar) O A. $61,985 OB. $42,315 OC. $73,500 OD. $70,000