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Hillside Excursions issues bonds due in 10 years with a stated interest rate of 11% and a face value of $200,000. Interest payments are

Hillside Excursions issues bonds due in 10 years with a stated interest rate of 11% and a face value of $200,000. Interest payments are made semi-annually. The market rate for this type of bond is 10%. Using a financial calculator or Excel, calculate the issue price of the bonds.

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