Hillside Excursions issues bonds due in 10 years with a stated interest rate of 11% and a face value of $200,000. Intere

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answerhappygod
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Hillside Excursions issues bonds due in 10 years with a stated interest rate of 11% and a face value of $200,000. Intere

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Hillside Excursions Issues Bonds Due In 10 Years With A Stated Interest Rate Of 11 And A Face Value Of 200 000 Intere 1
Hillside Excursions Issues Bonds Due In 10 Years With A Stated Interest Rate Of 11 And A Face Value Of 200 000 Intere 1 (6.14 KiB) Viewed 20 times
Hillside Excursions issues bonds due in 10 years with a stated interest rate of 11% and a face value of $200,000. Interest payments are made semi-annually. The market rate for this type of bond is 10%. Using a financial calculator or Excel, calculate the issue price of the bonds.
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