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Viking Destinations issues bonds due in 10 years with a stated interest rate of 5% and a face value of $420,000. Interest payments are
Viking Destinations issues bonds due in 10 years with a stated interest rate of 5% and a face value of $420,000. Interest payments are made semi- annually. The market rate for this type of bond is 4%. Using present value tables, calculate the issue price of the bonds. (EV of $1. PV of $1. EVA of $1. PVA of $1. EVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Multiple Choice $454.337. $420,000 $388,757 $294.243.
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