Hillside Excursions issues bonds due in 1 5 years with a stated interest rate of 1 1
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Question:
Hillside Excursions issues bonds due in years with a stated interest rate of and a face value of $ Interest payments are made semiannually. The market rate for this type of bond is Calculate the issue price of the bonds.
Multiple Choice
a$
b$
c$
d$
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