The fundamental reason that firms issue stocks and bonds is to raise capital to support the firm's operations. Select one: True False What is the present value at t=0 of the cash flow diagramed below if the discount rate is 6%? t=0 t=1 t=2 t=3 t=5 t=4 $4,720 Select one: O a $5,958.89 Ob $4,727.08 Oc. $ 4,712.93 Od $3,738.68 O e $5,463.99 The value of a bond can be estimated as the present values of the cash flows which are expected to be paid to the bond holder Select one: True False