zacks house builders issues bonds to raise capital

Lakeside Condos, which rents vacation condos, issues a bond with a stated interest rate of 10%, face value of $50,000. The bond is due in 5 years and interest payments are paid semi-annually. At the time of the issuance the market rate for this type of bond is 8%. What is the issue price of the bond (rounded to nearest whole dollar)? (Use Table 2 and Table 4, contained within a separate file.) Multiple Choice ( $83.920. 0 $46,320 0 $54,055 0 O $50,000