Determine the price of a $1.7 million bond issue under each of the following independent assumptions: 1. Maturity 10 years, interest paid annually, stated rate 5%, effective (market) rate 7%. 2. Maturity 10 years, interest paid semiannually, stated rate 5%, effective (market) rate 7%. 3. Maturity 10 years, interest paid semiannually, stated rate 7%, effective (market) rate 5%. 4. Maturity 20 years, interest paid semiannually, stated rate 7%, effective (market) rate 5%. 5. Maturity 20 years, interest paid semiannually, stated rate 7%, effective (market) rate 7%. 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. Required 1 Required 2 Required 3 Maturity 10 years, interest paid annually, stated rate 5%, effective (market) rate 7%. Note: Round your answer to the nearest whole dollar. Price of bonds Required 4 Required 5

Determine the price of a $1.7 million bond issue under each of the following independent assumptions: 1. Maturity 10 years, interest paid annually, stated rate 5%, effective (market) rate 7%. 2. Maturity 10 years, interest paid semiannually, stated rate 5%, effective (market) rate 7%. 3. Maturity 10 years, interest paid semiannually, stated rate 7%, effective (market) rate 5%. 4. Maturity 20 years, interest paid semiannually, stated rate 7%, effective (market) rate 5%. 5. Maturity 20 years, interest paid semiannually, stated rate 7%, effective (market) rate 7%. 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 5%, effective (market) rate 7%. Note: Round your answer to the nearest whole dollar