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VSE Air Destinations issues bonds due in 12 years with a stated interest rate of 11% and a face value of $400,000. Interest payments are

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VSE Air Destinations issues bonds due in 12 years with a stated interest rate of 11% and a face value of $400,000. Interest payments are made semi- annually. The market rate for this type of bond is 12%. 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.) Help - Multiple Choice o $374,900. o 3238,948 o $400,. o $425,100

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