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Kelly Industries issued 7% bonds, dated January 1, with a face value of $100,000 on...

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Accounting

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Kelly Industries issued 7% bonds, dated January 1, with a face value of $100,000 on January 1, 2021. The bonds mature in 2031 (10 years). Interest is paid semiannually on June 30 and December 31. For bonds of similar risk and maturity the market yield is 8%. What was the issue price of the bonds? FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Multiple Choice 0 O $93,205. 0 $98,401. 0 $47,566. 0 $75,418

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