Question: help. 14 Seaside issues a bond that has a stated interest rate of 11%, face amount of $50,000, and is due in 6 years. Interest

help. 14 Seaside issues a bond that has a stated interest

help. 14

Seaside issues a bond that has a stated interest rate of 11%, face amount of $50,000, and is due in 6 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? Note: Use tables, Excel, or a financial calculator. (FV of $1,PV of $1,FVA of $1,PVA of $1,FVAD of $1 and PVAD of $1) Multiple Choice $50.000 $47,905 $81,669 $74.849

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