10.6B Italian Construction Submit Assignment Due Friday by 11:59pm Points 5 Submitting a website url Available Mar 11 at 12am - Mar 22 at 11:59pm 12 days Made in Italv On January 1, Italian Construction issues 8%, 5-year, $300,000 bonds that pay interest semiannually each June 30 and December 31. On the issue date, the annual market rate of interest for the bonds is 10%. Compute the price of the bonds on their issue date. The following information is taken from present value tables: Present value of an annuity for 10 periods at 4% 8.1109 Present value of an annuity for 10 periods at 5% 7.7217 Present value of 1 for 10 periods at 4% 0.6756 Present value of 1 for 10 periods at 5% 0.6139