$14\mathrm{.}1$

Determine the price of a $$1\mathrm{.}8$ million bond issue under each of the following independent assumptions:

Maturity $10$ years, interest paid annually, stated rate $4\%,$ effective $($market$)$ rate $6\%.$

Maturity $10$ years, interest paid semiannually, stated rate $4\%,$ effective $($market$)$ rate $6\%.$

Maturity $10$ years, interest paid semiannually, stated rate $6\%,$ effective $($market$)$ rate $4\%.$