Complete the below table to calculate the price of a $1.1 million 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 5 years, interest paid semiannually, stated rate 10%, effective (market) rate 8%

4. Maturity 10 years, interest paid semiannually, stated rate 10%, effective (market) rate 8%

5. Maturity 10 years, interest paid semiannually, stated rate 10%, effective (market) rate 10%

Enter your answers in whole dollars.

lable values are based on: Cash Flow Interest Principal Amount Present Value Price of bonds