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19 TB MC Qu. 14-29 (Algo) Mountain Excursions issues bonds... Mountain Excursions issues bonds due in 15 years with a stated interest rate of 5%

19 TB MC Qu. 14-29 (Algo) Mountain Excursions issues bonds... Mountain Excursions issues bonds due in 15 years with a stated interest rate of 5% and a face value of $100,000. Interest payments are made semi-annually. The market rate for this type of bond is 6%. Calculate the issue price of the bonds. financial calculator.
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TB MC Qu. 14-29 (Algo) Mountain Excursions issues bonds... Mountain Excursions issues bonds due in 15 years with a stated interest rate of 5% and a face value of $100,000. Interest payments are made semi-annually. The market rate for this type of bond is 6%. Calculate the issue price of the bonds

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