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Determine the price of a $1.5 million bond issue under each of the following independent assumptions. 1. Maturity 10 years, interest paid annually, stated rate

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Determine the price of a $1.5 million bond issue under each of the following independent assumptions. 1. Maturity 10 years, interest paid annually, stated rate 4%, effective (market) rate 6%. 2. Maturity 10 years, interest paid semiannually, stated rate 4%, effective (market) rate 6%. 3. Maturity 10 years, interest paid semiannually, stated rate 6%, effective (market) rate 4%. 4. Maturity 20 years, interest paid semiannually, stated rate 6%, effective (market) rate 4% 5. Maturity 20 years, interest paid semiannually, stated rate 6%, effective (market) rate 6%. 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) Complete this question by entering your answers in the tabs below. Maturity 10 years, interest paid annually, stated rate 4%, effective (market) rate 6%. Note: Round your answer to the nearest whole dollar

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