The face value is $82,000, the stated rate is 10%, and the term of the bond is eight years. The bond pays interest semiannually. At the time of issue, the market rate is 8%. What is the present value of the bond at the issue date? Present value of $1: 4% 5% 15 0.555 0.481 16 0.534 0.458 17 0.513 0.436 18 0.494 0.416 190.475 0.396 6% 0.417 0.394 0.371 0.350 0.331 7% 0.362 0.339 0.317 0.296 0.277 8% 0.315 0.292 0.270 0.250 0.232 Present value of ordinary annuity of $1: 4% 5% 6% 7% 8% 15 11.118 10.380 9.712 9.108 8.559 O A. $47,773 OB. $91,561 O C. $84,788 O D. $43,673 Present value of $1: 4% 5% 15 0.555 0.481 0.534 0.458 0.513 0.436 18 0.494 0.416 190.475 0.396 1650 6% 0.417 0.394 0.371 0.350 0.331 7% 0.362 0.339 0.317 0.296 0.277 8% 0.315 0.292 0.270 0.250 0.232 Present value of ordinary annuity of $1: 4% 5% 6% 7% 8% 15 11.118 10.380 9.712 9.108 8.559 16 11.652 10.838 10.106 9.447 8.851 17 12.166 11.274 10.477 9.763 9.122 18 12.659 11.690 10.828 10.059 9.372 19 13.134 12.085 11.158 10.336 9.604