The face value of a bond is 573.000, its statud rate is 7% and the term of the bond is five years. The band pays interest semiannually. At the time of Issue, the market rate is 8% Determine the present value of the bonds at issuance Present value of $1 5 6 7 8 9 10 4946 5% 6% 7% 8% 0.822 0.784 0.747 0.713 0681 0.790 0.746 0.705 0.666 0.630 0.760 0711 0.665 0.623 0583 0.731 0.677 0.627 0.582 0.540 0.703 0.645 0.592 01544 0.500 0 576 0.614 0.558 0.508 0.463 Present value of annuity of $1 59 69 7 8% 5 4452329 42124 100 3.993 6 52025.076 4917 767 4623 60025.786 5582 53895206 5 733 6.463 6210 5.971 5.747 19 715 710858025 515 247 TO 8 111 767227360 70246710 573000 ST72 2275