On January 1, a company issues bonds dated January 1 with a par value of $390,000. The bonds mature in 3 years. The contract rate is 9%, and interest is paid semiannually on June 30 and December 31, The market rate is 10%. Using the present value factors below, the issue (selling) price of the bonds is: Present Value Present n-i- of an Annuity value of $1 2.5313 5.1579 2.4869 5.0757 3 6 9.0% 4.5% 10.0% 5.0% 0.7722 0.7679 0.7513 0.7462 6 Multiple Choice $399,903. $380,097, $390,000 $89,079. $291.018