On January 1, a company issues bonds dated January 1 with a par value of $360,000. The bonds mature in 3 years. The contract rate is 7%, and interest is paid semiannually on June 30 and December 31. The market rate is 8%. Using the present value factors below, the issue (selling) price of the bonds is: n= 3 6 3 6 i= 7.0% 3.5% 8.0% 4.0% Present Value of an Annuity (series of payments) 2.6243 5.3286 2.5771 5.2421 Present value of 1 (single sum) 0.8163 0.8135 0.7938 0.7903 O $369.442. O $350.558. O $360,000. O $66,050. O $284,508