On January 1, a company issued bonds with a par value of $ 270,000. The bonds mature in 3 years and have a contract rate of 8%. Interest is paid semiannually on June 30 and December 31 and the market rate is 9%. Using the present value factors below, the issue (selling) price of the bonds is: n= 3 6 3 6 Wow i= 8.0% 4.0% 9.0% 4.5% Present Value of an Annuity (series of payments) 2.5771 5.2421 2.5313 5.1579 Present value of 1 (single sum) 0.7938 0.7903 0.7722 0.7679 $ 276.962 $ 263,038 $ 270,000. $ 55,705. $ 207,333