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Ocean Adventures issues bonds due in 10 years with a stated interest rate of 8% and a face value of $450,000. Interest payments are made

Ocean Adventures issues bonds due in 10 years with a stated interest rate of 8% and a face value of $450,000. Interest payments are made semi- annually. The market rate for this type of bond is 7%. Using a financial calculator or Excel, what is the issue price of the bonds? Multiple Choice $450,000. $420,732. $490,934. $481,978

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