On january 1, year 1, ziegler issued 5-year bonds with a stated rate of 8% and a face amount of $100,000. the bonds pay interest semiannually. the market rate of interest was 10%. calculate the issue price of the bonds. round your answer to the nearest dollar.

The first thing to note here is that the coupon rate of the bond is 8% and market rate is 10% which means that bond would have been sold on discount( less than par value) as it is paying a lower interest rate than the market rate.

8% of 100,000= 8,000

Semiannual payment so 8000/2=4000

R=10%/2=5%

N=5*2=10

FV= 100,000

PV=?

PMT= 4000

PV=92,278

If you have a financial calculator you can put these value in and get the answer other wise use the formula attached

Explanation:

answer; dogs;

since the options are not listed, when you are working on your budget you should also add water, tv, internet, miscellaneous and your 'fun' money for in your budget. when budgeting, you need to allow for fun money, and mis/accidental money so that you stick to the budget and not go crazy because you feel strapped to the budget.