Multiple Choice
Mind Explorers issues bonds with a stated interest rate of 7%, face value of $200,000, and due in 10 years. Interest payments are made semi-annually. The market rate for this type of bond is 6%. Using present value tables, calculate the issue price of the bonds.
A) $163,200.
B) $186,410.
C) $214,878.
D) $200,000.
Correct Answer:
Verified
Correct Answer:
Verified
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