Course Hero | Make ever.. Bb Content My Home CengageNOWv2 | Online. Rich LTI Launch Meeting Chapter 10 Homework eBook Show Me How Video Print Item Issue Price Matthison Harcourt plans to issue $700,000 face value bonds with a stated interest rate of 8%. They will mature in 5 years. Interest will be paid semiannually. At the date of issuance assume the market rate is (a) 8%, (b) 6%, and (c) 10%. Use the appropriate present value table: PV of $1 and PV of Annuity of $1 Required: For each market interest rate, answer the following questions. Round calculations and answers to the nearest whole dollar. Due to differences in rounding when using the present val factors, you need to round your answer for the ISSUE PRICE in the first column only to the nearest 100. Market Rate 8% 6% 10% 1. What is the amount due at maturity? 700,000 700,000 700,000 2. How much cash interest will be paid every six months? 28,000 28,000 28,000 3. At what price will the bond be issued? 700,000 412,953.27 X $ 412,953.27 X Feedback Check My Work 1) Face value of the bonds is the maturity amount of the bonds as indicated on the face of the bond contract