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2. Use the present value tables to calculate the issue price of a $500,000 bond issue in each of the following independent cases. Assume that

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2. Use the present value tables to calculate the issue price of a $500,000 bond issue in each of the following independent cases. Assume that the bond was issued on January 1, 2010 and that interest is paid quarterly on March 31, June 30, September 30 and December 31. A) A 10-year, 8 percent bond issue; the market interest rate is 12 percent B) A 10 year, 12 percent bond issue; the market interest rate is 8 percent rate is 8 nercent

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