Selling Price of a Bond: At Par Example 1: Three year bonds are issued with face value of $100,000 on Jan. 1, 2011, with a stated interest rate of 8%. Interest paid annually on Dec. 31. Calculate the issue price of the bonds assuming a market interest rate of 8% Pr'a z Par z ooo pr: Cash ooo able CY: Bond Pay pary Flooooo Chapter 14