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Mountain Excursions issues bonds due in 10 years with a stated interest rate of 11% and a face value of $140,000. Interest payments are made

Mountain Excursions issues bonds due in 10 years with a stated interest rate of 11% and a face value of $140,000. Interest payments are made semi- annually. The market rate for this type of bond is 12%. Using a financial calculator or Excel, calculate the issue price of the bonds. Multiple Choice $131,971 0 $148,724 0 $140,000 $88,583

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