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Business, 05.05.2020 05:02 nique0808

Item8 1 points Time Remaining 24 minutes 26 seconds00:24:26 Item 8Item 8 1 points Time Remaining 24 minutes 26 seconds00:24:26 Mountain Excursions issues a bond due in 10 years with a stated interest rate of 7% and a face value of $200,000. Interest payments are made semi-annually. The market rate for this type of bond is 8%. What is the issue price of the bond (rounded to nearest whole dollar)

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