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Hillside Excursions issues bonds due in 15 years with a stated interest rate of 10% and a face value of $150,000. Interest payments are
Hillside Excursions issues bonds due in 15 years with a stated interest rate of 10% and a face value of $150,000. Interest payments are made semi- annually. The market rate for this type of bond is 8%. Using a financial calculator or Excel, calculate the issue price of the bonds. Multiple Choice $133,626 $152.630. $175.938 $150,000
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Introduction to Financial Accounting
Authors: Charles Horngren, Gary Sundem, John Elliott, Donna Philbrick
11th edition
978-0133251111, 013325111X, 0133251039, 978-0133251036
