On January 1, 2022, a corporation issued $500,000, 8%, 10 year bonds. The bonds pay interest semi-annually on June 30 and December 31. The market rate of interest is 10%. Determine the selling price of the bond.

Answer choices:

A) $475,000

B) $539,550

C) $500,050

D) $499,800

E) $437,740

On January 1,2022 , a corporation issued $500,000,8%,10 year bonds. The bonds pay interest semi-annually on June 30 and December 31 . The market rate of interest is 10%. Determine the selling price of the bond. $475,000 $539.550 $500,050 $499,800 $437,740