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Posted: **Fri Jul 01, 2022 8:36 am**

: 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 22 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.