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Hillside Excursions issues bonds due in 12 years with a stated interest rate of 7% and a face value of $150,000. Interest payments are made

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Hillside Excursions issues bonds due in 12 years with a stated interest rate of 7% and a face value of $150,000. 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. 108 Multiple Choice $123,573 O $141,147 O $162,702 $150,000

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