Determine the price of a $1.4 million bond issue under each of the following independent assumptions:

Maturity 13 years, interest paid annually, stated rate 8%, effective (market) rate 12%.

Maturity 13 years, interest paid semiannually, stated rate 8%, effective (market) rate 12%.

Maturity 13 years, interest paid semiannually, stated rate 10%, effective (market) rate 8%.

Maturity 8 years, interest paid semiannually, stated rate 10%, effective (market) rate 8%.

Maturity 8 years, interest paid semiannually, stated rate 10%, effective (market) rate 10%.

Note: Use tables, Excel, or a financial calculator. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1.)