Help Save & Exit Submit Ocean Adventures issues bonds due in 10 years with a...
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Help Save & Exit Submit Ocean Adventures issues bonds 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%. Using a financial calculator or Excel, what is the issue price of the bonds? Multiple Choice $537194 $464,469 $538,973 $500,000
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