Question: Save & Suoma Mountain Excursions issues bonds due in 10 years with a stated interest rate of 7% and a face value of $160,000. Interest

Save & Suoma Mountain Excursions issues bonds due in 10 years with a stated interest rate of 7% and a face value of $160,000. Interest payments are made some annually. The market rate for this type of bond is 8%. Using a financial calculator or Excel calculate the issue price of the bonds Multiple Choice $160,000 $171.902 $149,128 $111,687

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