On January 1, the company issued $99,000 face value, 6%, 9 year bonds that pay interest semi-annually on July 1 and January 1. Determine the issue price of the bonds if the market yield is 10%. Present Value of $1 Periods 9 18 0 3% .766 0.587 5% 0.645 0.416 6% 0.592 0.350 10% 0.424 0.180 Present Value of Annuity of $1 Periods 3% 9 7 .786 18 13.754 $75,903 5% 7.108 11.690 6% 6.802 10.828 109 5.759 8.201 $76,184 $76,695 $110,623