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ocean adventures issues bonds due in 10 years with a stated interest rate of 6%... Ocean Adventures issues bonds due in 10 years with a

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Ocean Adventures issues bonds due in 10 years with a stated interest rate of 6% and a face value of $430.000. Interest payments are made semi-annually. The market rate for this type of bond is 7%. Calculate the issue price of the bonds. Note: Use Excel or a financial calculator Multiple Choice $430,000 $399.443 $461.987 $309194

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