When the market rate of interest was 10%, Christopher Corporation issued $140,000 of 6-year, 12% bonds that pay interest semiannually. Using the present value tables provided below, the selling price of this bond issue was

Present Value of $1 at Compound Interest Due in n Periods
Periods	3%	3.5%	4%	4.5%	5%	5.5%	6%	6.5%	7%
1	0.97087	0.96618	0.96154	0.95694	0.95238	0.94787	0.94340	0.93897	0.93458
2	0.94260	0.93351	0.92456	0.91573	0.90703	0.89845	0.89000	0.88166	0.87344
3	0.91514	0.90194	0.88900	0.87630	0.86384	0.85161	0.83962	0.82785	0.81630
4	0.88849	0.87144	0.85480	0.83856	0.82270	0.80722	0.79209	0.77732	0.76290
5	0.86261	0.84197	0.82193	0.80245	0.78353	0.76513	0.74726	0.72988	0.71299
6	0.83748	0.81350	0.79031	0.76790	0.74622	0.72525	0.70496	0.68533	0.66634
7	0.81309	0.78599	0.75992	0.73483	0.71068	0.68744	0.66506	0.64351	0.62275
8	0.78941	0.75941	0.73069	0.70319	0.67684	0.65160	0.62741	0.60423	0.58201
9	0.76642	0.73373	0.70259	0.67290	0.64461	0.61763	0.59190	0.56735	0.54393
10	0.74409	0.70892	0.67556	0.64393	0.61391	0.58543	0.55839	0.53273	0.50835
11	0.72242	0.68495	0.64958	0.61620	0.58468	0.55491	0.52679	0.50021	0.47509
12	0.70138	0.66178	0.62460	0.58966	0.55684	0.52598	0.49697	0.46968	0.44401

Present Value of Ordinary Annuity of $1 per Period
Periods	3%	3.5%	4%	4.5%	5%	5.5%	6%	6.5%	7%
1	0.97087	0.96618	0.96154	0.95694	0.95238	0.94787	0.94340	0.93897	0.93458
2	1.91347	1.89969	1.88609	1.87267	1.85941	1.84632	1.83339	1.82063	1.80802
3	2.82861	2.80164	2.77509	2.74896	2.72325	2.69793	2.67301	2.64848	2.62432
4	3.71710	3.67308	3.62990	3.58753	3.54595	3.50515	3.46511	3.42580	3.38721
5	4.57971	4.51505	4.45182	4.38998	4.32948	4.27028	4.21236	4.15568	4.10020
6	5.41719	5.32855	5.24214	5.15787	5.07569	4.99553	4.91732	4.84101	4.76654
7	6.23028	6.11454	6.00205	5.89270	5.78637	5.68297	5.58238	5.48452	5.38929
8	7.01969	6.87396	6.73274	6.59589	6.46321	6.33457	6.20979	6.08875	5.97130
9	7.78611	7.60769	7.43533	7.26879	7.10782	6.95220	6.80169	6.65610	6.51523
10	8.53020	8.31661	8.11090	7.91272	7.72173	7.53763	7.36009	7.18883	7.02358
11	9.25262	9.00155	8.76048	8.52892	8.30641	8.09254	7.88687	7.68904	7.49867
12	9.95400	9.66333	9.38507	9.11858	8.86325	8.61852	8.38384	8.15873	7.94269

a.$177,854.

b.$152,409.

c.$178,656.

d.$140,000.