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ABLE 9-2 Present Value of $1 Periods 2% 97087 94260 96154 92456 93458 92593 89286 96117 94232 92385 90573 88797 85734 82645 79719 75614 65752
ABLE 9-2 Present Value of $1 Periods 2% 97087 94260 96154 92456 93458 92593 89286 96117 94232 92385 90573 88797 85734 82645 79719 75614 65752 57175 49718 43233 37594 32690 81630 82270 63552 74726 62092 79031 56447 71068 62275 58201 58349 54027 50025 46319 42888 67684 62741 83676 82035 80426 74409 24718 72242 47509 28748 62480 31863 36770 44230 41727 39365 74301 36245 12289 72845 45811 19784 17986 16351 51337 31657 14564 09293 58739 25025 39573 07027 67297 10367 27751 24698 12285 08264 24 64684 55383 .47464 41552 3713c 3873 .31524 .20333 .229, 62172 39012 28124 25509 05252 04187 03493 02642 01997 57437 43708 55207 09938 05731 Issue Price The following terms relate to independent bond issues: a. 530 bonds; $1,000 face value; 896 stated rate; 5 years, annual interest payments b, 530 bonds; $1,000 face value; 8% stated rate; 5 years, semiannual interest payments C. 830 bonds; $1,000 face value; 896 stated rate; 10 years, semiannual interest payments d. 1,930 bonds; $500 face value; 12% stated rate; 15 years, semiannual interest payments Use the appropriate present value table: PV of $1 and PV of Annuity of $1 Required: Assuming the market rate of interest is 10%, calculate the selling price for each bond issue dollar. frequ e round your intermediate calculations and final answers the nearest Situation a. b. C. d. Selling Price of the Bond Issue
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