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PVA of $1) Multiple Choice $139,609 $200,000 $214,877 $186,410 Mountain Excursions issues a bond due in 10 years with a stated interest rate of 7%
PVA of \$1) Multiple Choice $139,609 $200,000 $214,877 $186,410 Mountain Excursions issues a bond due in 10 years with a stated interest rate of 7% and a face amount of $200,000. Interest payments are made semiannually. The market rate for this type of bond is 8%. What is the issue price of the bond (rounded to nearest whole dollar)? (Use PV of $1 and PVA of $1) Multiple Choice $139,609 $200,000 $214,877 $186,410
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Fundamental Cornerstones Of Managerial Accounting
Authors: Dan L. Heitger, Maryanne M. Mowen, Don R. Hansen
1st Edition
0324378068, 9780324378061
