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Determine the price of a $1.3 million bond issue under each of the following independent assumptions: 1. Maturity 16 years, interest paid annually, stated rate
Determine the price of a $1.3 million bond issue under each of the following independent assumptions: 1. Maturity 16 years, interest paid annually, stated rate 10%, effective (market) rate 12%. 2. Maturity 16 years, interest paid semiannually, stated rate 10%, effective (market) rate 12%. 3. Maturity 16 years, interest paid semiannually, stated rate 12%, effective (market) rate 10%. 4. Maturity 15 years, interest paid semiannually, stated rate 12%, effective (market) rate 10%. 5. Maturity 15 years, interest paid semiannually, stated rate 12%, effective (market) rate 12%. Note: Use tables, Excel, or a financial calculator. (FV of $1, PV of $1, FVA of $1,PVA of $1, EVAD of $1 and PVAD of $1. Complete this question by entering your answers in the tabs below. Maturity 16 years, interest paid annually, stated rate 10%, effective (market) rate 12%. Note: Round your answer to the nearest whole dollar
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