The face value of a bond is $73.000, its stated rate is 7% and the term of the bond is five yearsThe bond 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 S1 5 6 7 8 9 10 4% 5% 6% 7% 8% 0.822 0784 0747 0.713 0681 0.790 0.746 0705 0.666 0630 0.760 07110.665 0.623 0 583 0.731 0.677 0.627 0 602 0540 07030645 0592 0544 0500 0.6760614 0.558 0508 0.463 A $7000 S02 2017 $52027