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Seaside issues a bond that has a stated interest rate of 13%, face amount of $50,000, and is due in 5 years. Interest payments are

Seaside issues a bond that has a stated interest rate of 13%, face amount of $50,000, and is due in 5 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? Multiple Choice $75,418. O $48,245. O $83,218. O $50,000

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