A $100,000 5-year 7% bond is issued on January 1, 20X0....
单项选择题 A $100,000 5-year 7% bond is issued on January 1, 20X0. The bond pays interest annually. The market rate is 6%. What is the selling price of the bonds, rounded to the nearest dollar?
A.$4,213
B.$95,500
C.$100,000
D.$104,213