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Sand Explorers issues bonds due in 10 years with a stated interest rate of 8% and a face value of $150,000. Interest pay...

Sand Explorers issues bonds due in 10 years with a stated interest rate of 8% and a face value of $150,000. Interest payments are made semi-annually. The market rate for this type of bond is 7%. Using present value tables, calculate the issue price of the bonds. (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

  • $118,394.

  • $160,660.

  • $185,076.

  • $150,000.

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Answer #1

calculation of Issue price of Bondo perod cash flow pv (simi annually) pUFO, 3.5% 14.01quo 85274.4 1-20 6000 nr (150000 x8-17

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