Multiple Choice
Mountain Excursions issues bonds due in 10 years with a stated interest rate of 7% and a face value of $200,000. Interest payments are made semi-annually. The market rate for this type of bond is 8%. Using a financial calculator or Excel, calculate the issue price of the bonds.
A) $139,609.
B) $186,410.
C) $214,877.
D) $200,000.
Correct Answer:
Verified
Correct Answer:
Verified
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