Question: 32 Seaside issues a bond that has a stated interest rate of 10%, face amount of $40,000, and is due in 8 years. Interest

32 Seaside issues a bond that has a stated interest rate of

32 Seaside issues a bond that has a stated interest rate of 10%, face amount of $40,000, and is due in 8 years. Interest payments are made semi-annually. The market rate for this type of bond is 12%. What is the issue price of the bond? (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.) Multiple Choice $40,000 $61346 $55746 $35.958

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