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What is the issue price of the bond

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Question - Seaside issues a bond with a stated interest rate of 10%, face value of $50,000, and due in 5 years. Interest payments are made semi-annually. The market rate for this type of bond is 12%. What is the issue price of the bond?

a. $50,000.

b. $46,320.

c. $83,920.

d. $53,605.

Reference no: EM132560495

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