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Ocean Adventures issues bonds due in 10 years with a stated interest rate of 7% and a face value of $440,000. Interest payments are made

Ocean Adventures issues bonds due in 10 years with a stated interest rate of 7% and a face value of $440,000. Interest payments are made semiannually. The market rate for this type of bond is 8%. Using a financial calculator or Excel, calculate the issue price of the bonds.image text in transcribed

Question 1 10 pts Ocean Adventures issues bonds due in 10 years with a stated interest rate of 7% and a face value of $440,000. Interest payments are made semiannually. The market rate for this type of bond is 8%. Using a financial calculator or Excel, calculate the issue price of the bonds. $307,138. $471,232. O $440,000. $410,101

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