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106,000 bonds, $ 1,000 face value, 5% stated rate; 30 years; Annual interest payments ....

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Accounting

106,000 bonds, $ 1,000 face value, 5% stated rate; 30 years; Annual interest payments .

Determine the price of bonds, assuming the market interest rate is 6% . (Present value factors should be rounded off to the nearest 5 decimal places and the final answer should be rounded off to the nearest whole dollar .

A ) $91,409,259

B ) $72,953,600

c) $106,000,000

D ) $100,700,000

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