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.14.. Ocean Adventures issues bonds due in 10 years with a stated interest rate of 6% and a face value of $500,000. Interest payments are

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.14.. Ocean Adventures issues bonds due in 10 years with a stated interest rate of 6% and a face value of $500,000. Interest payments are made semi-annually. The market rate for this type of bond is 5%. What is the issue price of the bonds? A. $537,194. B. $464,469. C. $538,973. D. $500,000.- t PV 1 2.5% 20pds .61027 PV 13% 10pds .74409 PVA 2.5% 20pds PV A 3% 20pds 15.56816 + 14.87747

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