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Ocean Adventures issues bonds due in 10 years with a stated interest rate of 12% and a face value of $490,000. Interest payments are made

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Ocean Adventures issues bonds due in 10 years with a stated interest rate of 12% and a face value of $490,000. Interest payments are made semi-annually. The market rate for this type of bond is 13% Calculate the issue price of the bonds. Note: Use Excel or a financial calculator. Mutipie Choice $303.880 $517,923 $490000 $463,005

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