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Determine the price of a $1 million bond issue under each of the following independent assumptions: Maturity Interest Paid Stated Rate Effective (Market) Rate 1.

Determine the price of a $1 million bond issue under each of the following independent assumptions:

Maturity Interest Paid Stated Rate Effective (Market) Rate

1. 10 years annually 10% 12%

2. 10 years semiannually 10% 2%

3. 10 years semiannually 12% 10%

4. 20 years semiannually 12% 10%

5. 20 years semiannually 12% 12%

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