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On 1/1/X1, Zig purchased bonds having a $100,000 par value, with one year of remaining...

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Accounting

On 1/1/X1, Zig purchased bonds having a $100,000 par value, with one year of remaining life, and a 6% cash interest payable on 12/31/X1.
On 11??1, the market interest rate was 5%. Based on this information, what was the purchase price of the bonds.
Multiple Choice
$100,000
$100,952
$105,000
$106,000
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