18. Sand Explorers issues bonds due in 10 years with a stated interest rate of 8% and a face value of $190,000. Interest payments are made semi-annually. The market rate for this type of bond is 7%. Using present value tables, calculate the issue price of the bonds (EV of S1, PV of S1, EVA of 51. PVA of SI EVAD. 51 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Multiple Choice $149,966 $234.429 $190,000 $203.502. 19. Mountain Excursions issues bonds due in 15 years with a stated interest rate of 11% and a face value of $180,000. Interest payments are made semi-annually. The market rate for this type of bond is 12%. Using a financial calculator or Ercel, calculate the issue price of the bonds. Multiple Choice $167,612 5193,835 $100,313 $180,000 20. Kelly Industries issued 10% bonds, dated January 1, with a face value of $150.000 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 12%. What was the issue price of the bonds? EV of S1PV of S1 EVA of $1. PVA of 51. EVAD of 51 and PVAD of S1) (Use appropriate factor(s) from the tables provided.) Multiple Choice $86,024. $103,915. $143.855. $132.794