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Determine the price of a $1.8 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 $1.8 million bond issue under each of the following independent assumptions: 1. Maturity 10 years, interest paid annually, stated rate 7%, effective (market) rate 8%. 2. Maturity 10 years, interest paid semiannually, stated rate 7%, effective (market) rate 8%. 3. Maturity 10 years, Interest pald semlannually, stated rate 8%, effective (market) rate 7%. 4. Maturity 20 years, interest pald semiannually, stated rate 8%, effective (market) rate 7%. 5. Maturity 20 years, interest paid semiannually, stated rate 8%, effective (market) rate 8%. Note: Use tables, Excel, or a financial calculator. (FV of $1, PV of \$1. EVA of \$1, PVA of \$1, EVAD of \$1 and PVAD of \$1.)

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