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Seaside, Inc. which operate resorts throughout the Caribbean issues a bond with a stated interest rate of 10%, face value of $50,000. The bond is

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Seaside, Inc. which operate resorts throughout the Caribbean issues a bond with a stated interest rate of 10%, face value of $50,000. The bond is due in 5 years and interest payments are paid semi-annually. At the time of the issuance the market rate for this type of bond is 12%. What is the issue price of the bond (rounded to nearest whole dollar? (Use Table 2 and Table 4, contained within a separate file.) So214 42 Multiple Choice $83,920, $46,320. $53,605. $50000

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