selected financial data for surfer co

0.5 points s QUESTION 12 A common advantage of obtaining long-term funds by issuing bonds, rather than borrowing from the bank, includes which of the following? Bond issue costs are usually lower than fees charged by the bank. Bonds are more likely to involve borrowing from a single lender. Bonds involve less surrendering of ownership control. Bonds usually have a lower interest rate. QUESTION 13 0.5 points Air Destinations issues a bond due in 10 years with a stated interest rate of 6% and a face value of $500,000 Interest payments are made semi-annually. The market rate for this type of bond is 5%. What is the issue price of the bond (rounded to nearest whole dollar)? (Use a financial calculator or Excel) $500,000 $464,469. $538,973. $537,194