Sand Explorers Issues Bonds Due in 10 Years with a Stated

question 244

Multiple Choice

Sand Explorers issues bonds 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%. Using present value tables, calculate the issue price of the bonds.

• A) $139,609.
• B) $186,410.
• C) $214,877.
• D) $200,000.

---

Definitions:

Gender

The social and cultural roles, behaviors, activities, and attributes that a society considers appropriate for men and women.

Cultural Heritage

The legacy of physical artifacts and intangible attributes of a group or society inherited from past generations, preserved for the future.

Nationality Characteristics

Traits, behaviors, or cultural elements that are commonly associated with individuals from a specific nation.

Religion

A set of beliefs, practices, and moral codes based on the worship of one or more deities and the spirituality connected with them.