What is bond current market value at issuance date

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Question - A bond issue of 10%, five-year bonds with a face value of $100,000 with interest payable semiannually on January 1 and July 1. The investor's required rate of return is 8%. What is bond current market value at issuance date?

A. $100,000

B. $108,110

C. $98,275

D. $105,250

Reference no: EM132681499

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