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#3. 1.1 million bond issue - 15 years, interest paid semiannually, stated rate 10%, effective market rate 8%. Determine the price of a $1,1 milition

#3. 1.1 million bond issue - 15 years, interest paid semiannually, stated rate 10%, effective market rate 8%.
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Determine the price of a $1,1 milition bond issue under each of the following independent assumptions: 1. Maturity 15 years, interest paid annually, stated rate 8%, effective (market) rate 12%. 2. Maturity 15 years, interest paid semiannually, stated rate 8%, effective (market) rate 12%. 3. Maturity 15 years, interest paid semiannually, stated rate 10%, effective (market) rate 8%. 4. Maturity 10 years, Interest paid semiannually, stated rate 10%, effectlve (market) rate 8%. 5. Maturity 10 years, interest paid semiannually, stated rate 10%, effective (market) rate 10%. Note: Use tables, Excel, or a financial calculator. (FV of \$1. PV of \$1, FVA of \$1. PVA of \$1. FVAD of S1 and PVAD of \$1.) Complete this question by entering your answers in the tabs below. Maturity 15 years, interest paid semiannually, stated rate 10%, effective (market) rate 8%. Note: Round your answer to the nearest whole dollar

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