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The face value of a bond is $71,000, its stated rate is 790, and the term of the bond is five years. The bond pays

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The face value of a bond is $71,000, its stated rate is 790, and the term of the bond is five years. The bond pays interest semiannually. At the time of issue, the market rate is 8% ta Determine the Present Value of the on tsvance AED Determine the Present vasie of the Interest poymect ARD ith 1ze What pvice should the bond seit for? AEDPs) 11d. What type of bond is this, premium, discount, or par?2

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