Question: Mountain Excursions issues a bond due in 10 years with a stated interest rate of 7% and a face amount of $200,000. Interest payments are

Mountain Excursions issues a bond due in 10 years with a stated interest rate of 7% and a face amount of $200,000. Interest payments are made semiannually. The market rate for this type of bond is 8%. What is the issue price of the bond (rounded to nearest whole dollar)? (Use PV of $1 and PVA of $1 ) Multiple Choice $200,000 $214,877 $186,410 $139,609

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