Question: Seaside issues a bond that has a stated interest rate of 9 % , face amount of $ 5 0 , 0 0 0 ,

 Seaside issues a bond that has a stated interest rate of

Seaside issues a bond that has a stated interest rate of 9%, face amount of $50,000, and is due in 5 years. Interest payments are made semiannually. The market rate for this type of bond is 10%. What is the issue price of the bond?
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)
A) $80,696
B) $86,096
C) $50,000
D) $48,070
9%, face amount of $50,000, and is due in 5 years. Interest

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