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Ocean Adventures issues bonds due in 10 years with a stated interest rate of 12% and a face value of $420,000. Interest payments are made

image text in transcribed Ocean Adventures issues bonds due in 10 years with a stated interest rate of 12% and a face value of $420,000. Interest payments are made semi- annually. The market rate for this type of bond is 11%. Using a financial calculator or Excel, what is the issue price of the bonds? Multiple Choice $461,659. $396,861. $445,096. $420,000

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