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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 8%. What is the issue price of the bond (rounded to nearest whole doltar)? (Use PV of $1 and PVA of 5 it) Multiple Choice $139,609 $214,877 $200,000 $186,410

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