On January 1, 20X1, WP Industries issued $200,000 (face value) of bonds with a stated (coupon) rate of 6%. The bonds pay interest semi-annually on June 30 and December 31 and mature in 15 years. If the market rate of interest on the issue date was 8%, the bonds will sell for Link to TVM Tables (will open in a new window) Select one: O a. $171,420 O b. $239,201 c. $165,416 O O d. $200,000 O e. $165,762