Question: Help Save & Exit Submit Ocean Adventures issues bonds due in 10 years with a stated Interest rate of 8% and a face value of

Help Save & Exit Submit Ocean Adventures issues bonds due in 10 years with a stated Interest rate of 8% and a face value of $310,000. Interest payments are made semi- annually. The market rate for this type of bond is 9%. Using a financial calculator or Excel calculate the issue price of the bonds. 29 Multiple Choice $331,017 $289,838. $210,525 $310,000

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