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Ocean Adventures issues bonds due in 10 years with a stated interest rate of 7% and a face value of $370,000. Interest payments are made
Ocean Adventures issues bonds due in 10 years with a stated interest rate of 7% and a face value of $370,000. Interest payments are made semi-annually. The market rate for this type of bond is 8%. Using a financial calculator or Excel, calculate the issue price of the bonds.
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