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Mind Explorers issues bonds with a stated interest rate of 6%, face value of $190,000, and due in 10 years. Interest payments are made semi-annually.

Mind Explorers issues bonds with a stated interest rate of 6%, face value of $190,000, and due in 10 years. Interest payments are made semi-annually. The market rate for this type of bond is 5%. Using present value tables, calculate the issue price of the bonds.

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