Answer:
b. $92,561
Explanation:
Face Value = 100,000.00
Term (in years) = 10
Total no. of interest payments = 20
Market Rate = 6.0% / 2 = 3.0%
Coupon Rate = 5.0%/2 = 2.5%
Amount PV factor Present Values
PV of Face Value of $100,000 0.553675754 $55,367.58
PV of Interest payment $2,500 14.87747486 <u>$37,193.69</u>
Issue Price of Bonds <u>$92,561.26</u>
Arthur is in the status of identity referred to as<u> identity foreclosure.</u>
<h3>What is Identity foreclosure?</h3>
Identity foreclosure can be defined as the stage of self or identity discovery in which a young person identify what they are capable of doing but they are yet to experience other available options.
Hence, he agreed to join the family business without thinking about his decision because he is in identity foreclosure stage.
Therefore Arthur is in the status of identity referred to as<u> identity foreclosure.</u>
Learn more about Identity foreclosure here:brainly.com/question/15062284
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