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TB MC Qu. 14-31 (Algo) Air Destinations issues bonds... Air Destinations issues bonds due in 14 years with a stated interest rate of 8% and

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TB MC Qu. 14-31 (Algo) Air Destinations issues bonds... Air Destinations issues bonds due in 14 years with a stated interest rate of 8% and a face value of $300,000. Interest payments are made semi-annually. The market rate for this type of bond is 9%. Using present value tables, calculate the issue price of the bonds. (EV of 51. PV of S1. FVA of S1, PVA of S1. EVAD of \$1 and PVAD of \$1) (Use oppropriote foctor(s) from the tables provided.) Multiple Choice 5323.615 $276395 5300000

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