Question: Seaside issues a bond that has a stated interest rate of 11%, face amount of $40,000, and is due in 8 years. Interest payments

Seaside issues a bond that has a stated interest rate of 11%,

Seaside issues a bond that has a stated interest rate of 11%, face amount of $40,000, and is due in 8 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? (EV of $1. EV of $1. EVA of $1. PVA of $1. FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Mutiple Choice $61906 $55,746 $40.000 137979

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