Question: TB MC Qu. 14-22 (Algo) Seaside issues a bond that has a... Seaside issues a bond that has a stated interest rate of 9%, face

TB MC Qu. 14-22 (Algo) Seaside issues a bond that has a... Seaside issues a bond that has a stated interest rate of 9%, 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 10%. 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 $66,954 540,000 $38,228 $62,274

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