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Crane College is about to issue $1.09 million of 10-year bonds that pay a 6% annual interest rate, with interest payable semi-annually. Calculate the issue

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Crane College is about to issue $1.09 million of 10-year bonds that pay a 6% annual interest rate, with interest payable semi-annually. Calculate the issue price of these bonds if the market interest rate is (a)5%(6) 6%, and la 7%. (For calculation purposes, use decimal places as displayed in the factor table provided. Round final answer to decimal places, es. 5,275) Click here to view the factor table. Present Value of 1 Click here to view the factor table. Present Value of an Annuity of 1 (a) Market interest rate 5% $ (b) Market interest rate 6% $ (c) Market interest rate 7% $ Attempts: 0 of 1 used Submit

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