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Seaside issues a bond that has a stated interest rate of 12%, face amount of $50,000, and is due in 6 years. Interest payments are

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Seaside issues a bond that has a stated interest rate of 12%, face amount of $50,000, and is due in 6 years. Interest payments are made semi-annually. The market rate for this type of bond is 14%. What is the issue price of the bond? (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 $46,029 $50,000 $72201 $79,641

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