Hillside Excursions issues bonds due in $15$ years with a stated interest rate of $11\%$ and a face value of $$150,000.$ Interest payments are made semi$-$annually. The market rate for this type of bond is $8\%.$ Calculate the issue price of the bonds.

Multiple Choice

a$)$$$188,907$

b$)$$$150,000$

c$)$$$143,476$

d$)$$$163,881$