1-a. If the market rate is 8%, calculate the issue price. (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use
1-a. If the market rate is 8%, calculate the issue price. (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use appropriate factor(s) from the tables provided. Do not round interest rate factors. Enter your answers in dollars not in millions. Round "Market interest rate" to 1 decimal place.)
| Bond Characteristics | amount |
| Face Amount | 39,700,000 |
| Interest Payment | |
| Market Interest Rate | |
| Periods of Maturity | |
| Issue Price |
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Authors: George H. Pink, Paula H. Song
8th Edition
1640551093, 978-1640551091
