QUESTION 46 Pirate Corporation is issuing $1,000,000 in bonds. The terms of the Indenture Contract are: Face Value; $1,000,000 Face (Par) Interest Rate: 4% Term: 20 Years, semiannual payment (2 per year), payabale on June 30 and December WITHOUT USING A CALCULATOR... Choose the BEST ANSWER... If the Market Interest Rate Increases to 5%, then... a. The Bonds will sell for $874,486, since the Bonds will sell at a Discount Ob. The Bonds will sell for $1,149,579 since the Bonds will sell at a Premium Oc. The Bonds will sell for $1,800,000 = the total amount of interest paid for 20 years, plus the Face Value of the Bond Od. The Bonds will sell for $1,000,000, since the Bonds will sell at Par 40 points