Question: Sand Explorers issues bonds due in 1 0 years with a stated interest rate of 6 % and a face value of $ 1 7

Sand Explorers issues bonds due in 10 years with a stated interest rate of 6% and a face value of $170,000. Interest payments are made semi-annually. The market rate for this type of bond is 5%. Calculate the issue price of the bonds.
A) $183,251
B) $170,000
C) $143,746
D) $213,780
 Sand Explorers issues bonds due in 10 years with a stated

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