Question: Seaside issues a bond that has a stated interest rate of 11%, face amount of $50,000, and is due in 6 years, interest payments are

Seaside issues a bond that has a stated interest rate of 11%, face amount of $50,000, and is due in 6 years, interest payments are made semi-annually. The market rate for this type of bond is 12\%. What is the issue price of the bond? (FV of \$1. PV of \$1, EVA of \$1, PVA of \$1. EVAD of \$1 and PVAD of \$1) (Use appropriate factor(s) from the tables provided.) Mutiple Choice 550,000 591669 $47,905 574.849 Seaside issues a bond that has a stated interest rate of 11%, face amount of $50,000, and is due in 6 years, interest payments are made semi-annually. The market rate for this type of bond is 12\%. What is the issue price of the bond? (FV of \$1. PV of \$1, EVA of \$1, PVA of \$1. EVAD of \$1 and PVAD of \$1) (Use appropriate factor(s) from the tables provided.) Mutiple Choice 550,000 591669 $47,905 574.849

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