Seaside issues a bond that has a stated interest rate of 7%, face amount of $40,000, and is due in 6 years. Interest payments are made semi-annually. The market rate for this type of bond is 8%. What is the issue price of the bond? (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.)

Multiple Choice

• $65,276.
• $37,669.
• $61,356.
• $40,000.

Answer rating: 100% (QA)

nswers Correct answer46320 Working Bonds issue price is calculated by ADDING th... View the full answer