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Roman Destinations issues bonds due in 15 years with a stated interest rate of 8% and a face value of $510,000. Interest payments are made

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Roman Destinations issues bonds due in 15 years with a stated interest rate of 8% and a face value of $510,000. Interest payments are made semi-annually. The market rate for this type of bond is 7%. Using present value tables, calculate the issue price of the bonds. (FV of $1, PV of $1. FVA of $1. PVA of $1. FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Multiple Choice $205,259 $556,901 $510,000 $468,461

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