Question: Sand Explorers issues bonds due in 15 years with a stated interest rate of 7% and a face value of $340,000. Interest payments are made

Sand Explorers issues bonds due in 15 years with a stated

Sand Explorers issues bonds due in 15 years with a stated interest rate of 7% and a face value of $340,000. Interest payments are made semi-annually. The market rate for this type of bond is 6%. 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, FVAD of $1 and PVAD of $1 ) Multiple Choice $340,000 $257,446 $454,222 $373,322

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love of humour, often as a device to lighten the occasion;

orderliness, patience and seeing a task through;

well defined status and roles (class distinctions);