uestion Completion Status: QUESTION 29 2 pe On January 1, 2013, Ellison Co. issued eight-year bonds with a face value of $1,000,000 and a stated interest rate of 5%, payable semiannually on June 30 and December 31. The bonds were sold to yield 8%. Table values are: Present value of 1 for 8 periods at 6%.... .627 Present value of 1 for 8 periods at 8%.... .540 Present value of 1 for 16 periods at 3%. .623 Present value of 1 for 16 periods at 4%. .534 Present value of annuity for 8 periods at 696.... 6.210 Present value of annuity for 8 periods at 896.. 5.747 Present value of annuity for 16 periods at 396. 12.561 Present value of annuity for 16 periods at 49. 11.652 The present value of the interest is a. $344,820 b. $372.600 c. $376,830 d. $349.560 Save All Answers Sa Click Save and Submit to save and submit. Click Save All Answers to save all answers. arch Bi