The face value of a bond is S69,000 its stated rate is 7%, and the term of the bond is five years. The bond pays nterest semiannually At the t me of issue to market rate is 8%. Determine the present value of the bonds at issuance. Present value of S1: 496 5% 6% 7% 8% 5 0.822 0.784 0.747 0.713 0.681 6 0.790 0.746 0.705 0.666 0.630 7 0.760 0.711 0665 0.623 0.583 8 0.731 0.677 0.627 0.582 0.540 9 0.703 0.645 0.592 0.544 0.500 10 0.676 0.614 0.558 0.508 0.463 Present value of ordinarv annuitv of S1 OA. $69,000 B. S19588 O C. $49,412 O D. $66,232 Click to select your answer Bonds payable (dr) 66,000 here to search 12 Prem 8 0.731 0.677 0.627 0.582 0.540 9 0.703 0.645 0.592 0.544 0.500 10 0.676 0.614 0.558 0.508 0.463 If the $ 69 what 5 4.452 4.329 4.212 4.100 3.993 Present value of ordinary annuity of $1 4% 5% 6% 7% 8% 6 5.242 5.076 4.917 4.767 4.623 7 6.002 5.786 5.582 5.389 5.206 Ex 8 6.733 6.463 6.210 5.971 5.747 9 7.435 7.108 6.802 6.515 6.247 10 8.111 7.722 7.360 7.024 6.710 OA. $69,000 O B. $19,588 O C. $49,412 O D. $66,232 Click to select your answer. Bonds payable (dr) 66,000 Type here to search