Business, 12.03.2021 15:10, calah1193

Mountain Excursions issues bonds due in 10 years with a stated interest rate of 7% and a face value of $160,000. Interest payments are made semi-annually. The market rate for this type of bond is 8%. Using a financial calculator or Excel, calculate the issue price of the bonds. Multiple Choice $111,687. $149,128. $171,902. $160,000.

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Mountain Excursions issues bonds due in 10 years with a stated interest rate of 7% and a face value...