On January 1, year 1, ABC. Corp. issued bonds as follows: Face value $6000000 Stated (or coupon) annual rate of interest 4% Coupon is paid twice annually. Market annual rate of interest 10 % Term in years 5 How much did the bond sell for? Round your answer to the nearest dollar. Answer: 5007792 x (4610088) Hide Feedback The bond price is PV Factor x Face Value + Face Value x Stated Interest rate x PV Annuity factor Remember to use twice the number of payments and half the interest rate to account for semi-annual payments