Question
Complete the below table to calculate the price of a $1.9 million bond issue under each of the following independent assumptions (FV of $1, PV
Complete the below table to calculate the price of a $1.9 million bond issue under each of the following independent assumptions (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.):
1. Maturity 12 years, interest paid annually, stated rate 10%, effective (market) rate 12%
2. Maturity 9 years, interest paid semiannually, stated rate 10%, effective (market) rate 12%
3. Maturity 6 years, interest paid semiannually, stated rate 12%, effective (market) rate 10%
4. Maturity 20 years, interest paid semiannually, stated rate 12%, effective (market) rate 10%
5. Maturity 10 years, interest paid semiannually, stated rate 12%, effective (market) rate 12%
Maturity 12 years, interest paid annually, stated rate 10%, effective (market) rate 12%. (Round your answers to the nearest whole dollar.)
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