Question: Ryan Rentals issues a bond with a stated interest rate of 10%, face value of $50,000, and due in 5 years. Interest payments are made

Ryan Rentals issues a bond with a stated interest rate of 10%, face value of $50,000, and due in 5 years. Interest payments are made semi-annually. The market rate for this type of bond is 7%. What is the issue price of the bond today? (Use a financial calculator.) Multiple Choice $56,237 $44,209. $50,000. $54,055

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