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Determine the price of a $300,000 bond issue under each of the following three independent assumptions : 1) Maturity: 10 years, Interest paid: annually, stated

Determine the price of a $300,000 bond issue under each of the following three independent assumptions:

1) Maturity: 10 years, Interest paid: annually, stated rate: 7%, effective market rate: 12%, Price: ?

2) Maturity: 10 years, interest paid: semiannually, stated rate: 8%, effective market rate: 12%, Price: ?

3) Maturity: 20 years, interest paid: semiannually, stated rate: 10%, effective market rate: 10%, Price: ?

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