Question Completion Status: QUESTION 30 2 On January 1, 2013, Ellison Co. issued eight-year bonds with a face value of $1,000,000 and a stated interest rate of 696, payable semiannually on June 30 and December 31. The bonds were sold to yield 8%. Table values are: Present value of 1 for 8 periods at 6%..... .627 Present value of 1 for 8 periods at 8%.. .540 Present value of 1 for 16 periods at 3%. .623 Present value of 1 for 16 periods at 4%.. .534 Present value of annuity for 8 periods at 6%. 6.210 Present value of annuity for 8 periods at 8%. 5.747 Present value of annuity for 16 periods at 396. 12.561 Present valu annuity for 16 periods at 49. 11.652 The issue price of the bond is a. $999,600 b. $884,820 O c. $889,560 d. $883,560 Click Save and Submit to save and submit. Click Save All Answers to save all answers. Save All Answers ? 0 search