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% 6% 7% 8% 15 0.555 0.481 0.417 0.362 0.315 16 0.534 0.458 0.394 0.3390.292 17 0.513 0.436 0.371 0.317 0.270 18 0.494 0.416 0.350 0.296 0.250 19 0.475 0.396 0.331 0.277 0.232 Present value of ordinary annuity of $1: 4% 5% 6% 7% 8% 444 440 40 40 ANO O A $84,788 OB. $43,673 OC. $47.773 OD. $91,561 15 16 17 18 19 0.555 0.534 0.513 0.494 0.475 0.481 0.458 0.436 0.416 0.396 0.417 0.362 0.394 0.339 0.371 0.317 0.350 0.296 0.331 . 0.277 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 O A. $84,788 O B. $43,673 O c. $47,773 OD. $91,561 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 19 0.475 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% 1011110 10.20 0.7490100 OCCA