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Chapter 9 Homework Submit your answers in CANVAS before it is due USE THE PV Factor Tables (located in Module 8 in Canvas) or the
Chapter 9 Homework Submit your answers in CANVAS before it is due USE THE PV Factor Tables (located in Module 8 in Canvas) or the TI BAll Plus Financial Calculator to answer the following questions relating to the time value of money. Use the following to answer questions 1-3 (Round answers to the nearest dollar) BA Corp issues 6.0%, 5-year bonds with a total face amount of $500,000. The market interest rate for bonds of similar risk and maturity is 5.8%. Interest is paid semi-annually. DO NOT ROUND YOUR ANSWERS UNTIL YOU FULLY COMPLETE THE PROBLEM SET. How much will be paid in interest each interest payment? 1. s 2. s (rounded to nearest dollar). What is the present value of the interest payments? 3. $ (rounded to nearest dollar). What is the issue price of the bond
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