The face value of a bond is $75,000, its stated rate is 7%, and the term of the bond is five years. The bond pays interest semiannually. At the time of issue, the market rate is 8%. Determine the present value of the bonds at issuance Presentatue of $1. 4% 5% 6% 7% 8% 5 0522 0.781 0.747 0.713 0.681 0 0.750 0.746 0.705 0.06 0.630 7 0.700 0.711 .665 0023 0.583 8 0.731 0.677 0627 0. 52 0.540 9 0.703 0.6450592 0544 0.500 10 0678 0614 0.558 0.500 0.463 Present value of ordinary any of O A $75,000 OB 521,291 OC $53,709 OD. $71,991 7 8 9 10 0.760 0.731 0.703 0.676 0.711 0.677 0.645 0.614 0.665 0.627 0.592 0.558 0.623 0.582 0.544 0.508 0.583 0.540 0.500 0.463 Present value of ordinary annuity of $1: 4% 5% 6% 7% 5 4.452 4.329 4.212 4.100 6 5.242 5.076 4.917 4.767 7 6.002 5.786 5.582 5.389 8 6.733 6.463 6.210 5.971 9 7.435 7.108 6.802 6.515 10 8.111 7.722 7.360 7.024 8% 3.993 4.623 5.206 5.747 6.247 6.710 . $75,000 . $21,291 C. $53,709 D. $71,991