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Mountain Excursions issues a bond due in 10 years with a stated interest rate of 7% and a face amount of $200.000. Interest payments are

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Mountain Excursions issues a bond due in 10 years with a stated interest rate of 7% and a face amount of $200.000. Interest payments are made semiannually. The market rate for this type of bond is 6%. What is the issue price of the bond (rounded to nearest whole dollar)? (Use PV of SI and PVA ors\$1) Multiple Choice $200000 $163.200 5214.878: $186,410

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