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The face value of a bond is $79,000, its stated rate is 7%, and the term of the bond is five years The bond pays

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The face value of a bond is $79,000, its stated rate is 7%, and the term of the bond is five years The bond pays interest semiannually. At the lime of issue, the markel rate is 8%. Determine the present value of the bonds at issuance. Present value of $1 Present value of annuity of $1 A. $56.573 B. 522,427 C. $75.831 D. $79,000

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