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Calculate the issue price of a $25,000, 10%, 5-year bond that pays interest semi-annually, if the market rate of interest is 12% Present Value of

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Calculate the issue price of a $25,000, 10%, 5-year bond that pays interest semi-annually, if the market rate of interest is 12% Present Value of $1 at Compound Interest 5.00% 6.00% 10.00% 12.00% 5 0.7835 0.7473 0.6209 0.5674 10 0.6139 0.5584 0.3855 0.3220 Present Value of Annuity of $1 at Compound Interest 5.00% 6.00% 10.00% 12.00% 5 4.3295 4.2124 3.7908 3.6048 10 7.7217 7.3601 6.1446 5.6502 The bond would be issued at $ (round your answer to the nearest $ and remember no comma separators)

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