Issue Price The following terms relate to independent bond issues:

a. 500 bonds; $1,000 face value; 8% stated rate; 5 years; annual interest payments

b. 500 bonds; $1,000 face value; 8% stated rate; 5 years; semiannual interest payments

c. 800 bonds; $1,000 face value; 8% stated rate; 10 years; semiannual interest payments

d. 2,000 bonds; $500 face value; 12% stated rate; 15 years; semiannual interest payments Required Assuming the market rate of interest is 10%, calculate the selling price for each bond issue.

AppendixLO1