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Determine the price of a $ 1 . 6 million bond issue under each of the following independent assumptions: Maturity 1 0 years, interest paid

Determine the price of a $1.6 million bond issue under each of the following independent assumptions:
Maturity 10 years, interest paid annually, stated rate 6%, effective (market) rate 7%.
Maturity 10 years, interest paid semiannually, stated rate 6%, effective (market) rate 7%.
Maturity 10 years, interest paid semiannually, stated rate 7%, effective (market) rate 6%.
Maturity 20 years, interest paid semiannually, stated rate 7%, effective (market) rate 6%.
Maturity 20 years, interest paid semiannually, stated rate 7%, effective (market) rate 7%.

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