Question: 20- Mind Explorers issues bonds with a stated interest rate of 8%, face value of $190,000, and due in 10 years. Interest payments are made

20- Mind Explorers issues bonds with a stated interest rate of 8%, face value of $190,000, and due in 10 years. Interest payments are made semi-annually. The market rate for this type of bond is 7%. Using present value tables, calculate the issue price of the bonds. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.)

Multiple Choice

$190,000.
$154,560.
$203,502.
$177,090.

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