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Boston Company issues bonds with a par value of $160,000 on their stated issue date. The bonds mature in six years and pay 8% annual

Boston Company issues bonds with a par value of $160,000 on their stated issue date. The bonds mature in six years and pay 8% annual interest in semiannual payments. On the issue date, the annual market rate for the bonds is 6%. Requirement 1: What is the amount of each semiannual interest payment for these bonds? answer 6,400 Requirement 2: How many semiannual interest payments will be made on these bonds over their life? answer 12 Requirement 3: answer "premium" Use the interest rates given to determine whether the bonds are issued at Requirement 4: Compute the price of the bonds as of their issue date. Cash Flow Amount Table Value Present Value Par (maturity) value $ $ Interest (annuity) Price of bonds $

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