Question: Mountain Excursions issues bonds due in 10 years with a stated interest rate of 13% and a face value of $180,000. Interest payments are made

Mountain Excursions issues bonds due in 10 years with a stated interest rate of 13% and a face value of $180,000. Interest payments are made semi-annually. The market rate for this type of bond is 14%. Calculate the issue price of the bonds.

Note: Use Excel or a financial calculator

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