The face value is $92,000, 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% 0.362 0.315 15 0.555 0.481 0.417 16 0.534 0.458 0.394 0339 0.292 17 0.513 0.436 0.371 0.317 0.270 18 0.494 0.416 0.350 0.290 0.250 19 0.475 0.396 0.331 0.277 0.232 Present value of ordinary annuity of $1: 4% 5% 0% 7% 8% OA $95,128 OB. $48.900 OC. $53,599 OD. $102,727