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Hillside Excursions issues bonds due in 10 years with a stated interest rate of 7% and a face value of $200,000. Interest payments are made

Hillside Excursions issues bonds due in 10 years with a stated interest rate of 7% and a face value of $200,000. Interest payments are made semi-annually. The market rate for this type of bond is 6 %. Using a financial calculator or Excel calculate the issue price of the bonds. Multiple Choice $163,200. $214,877 $200,000. $186,410

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