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please, answer the question below. 22 Ocean Adventures issues bonds due in 10 years with a stated interest rate of 6% and a face value
please, answer the question below.
22 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 5%. Using a financial calculator or Excel, what is the issue price of the bonds? Skipped Multiple Choice $399,443. $468,544. $430,000. O $463,517
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