Question: please answer asap for a good rating Sand Explorers issues bonds due in 10 years with a stated interest rate of 8% and a face
Sand Explorers issues bonds due in 10 years with a stated interest rate of 8% and a face value of $190,000. Interest payments yre made semi-annually. The market rate for this type of bond is 7%. Calculate the issue price of the bonds. Note: Use tables, Excel, or a financial calculator. (FV of $1. PV of $1, FVA of $1, PVA of $1, EVAD of $1 and PVAD of $1 ) Multipie Choice $203,502 $149,966 $190,000 $234,429
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