eBook (Appendix 9A) Calculating Bond Issue Price On January 1, University Theatres issued $456,000 face value of bonds. The stated rote is 8%, and interest is paid semiannually on June 30 and December 31. The bonds mature 15 years. Use Future Value of a Single Amount, Present Value of a Single Amount, Future Value of an Annuity and resent value of an Annut Do not round intermediate calculations. Round factors to five decimal places and final answers to the nearest dollar. Required: a. Assuming the market rate of interest is 6%, calculate at what price the bonds are issued. x b. Assuming the market rate of interest is 10%, calculate at what price the bonds are issued. 342,000 X Check My Work bonds are priced at the present value of the twe future cash flows, penodic interest payments, and went of the reope ChockWh 10 more Check My Work uses ning Save and Ext Submit Agent for Grading 231PM w/20 Present Value of an Annuity EXHIBIT A3.10 PVA 15 ' 3 2% 35 Th 099010 0.039 0.07087 0154 052 05434003458 2 197040 134150 191347 100 105941 1819 182 2.944099 28300 221 277500 272325 247301 26242 5% % A 12% 10% 30% 9% 2591743 000 773333330000ND 1.70 171 17354 1805 164 12 154 1779 14 257716 253129 2424012321 22 2127 21064 1963 1 331213 3272 17 307 201571 2701 2000 1 1 25% 4 330187 380773 371710 382900 3545 14511 33721 45343 47134 457971 445182 422948 4212 410000 399271 5 170 1847 14000 12429 31270 2001 2 240 57548 540143 541719 520214 507500 451732 4 34 13 7 719 64719 62028 600205 577 532 520650029 442 443004018104 785188 732548 71 673234 6A321 209 5870534551334 ANA " 443 1 10 2122 1711 143633 7387205112) 547130 328 5201100172173 1300 700 111636 2005 252627048341 73 74 395 5902230625 43434 435 43 7100 4170614 02228124 154 12 11.250 18.57534 400 93803253 713059 48506 5177 27 44H 15307.1973 621 1417 5 4 4 170 1MB 13 12.1574 11.34827 1003406 05 20 82 79000 711042709 AM 13 12 14 1300 1210625 11.2007 1054312 64 1254 24547 24024 72005 120 4217 304 S LINE 15 12505 12.348 113294 11.1149 10379 71250001417 557545412MY 16 1471787 1357771 1254110 11.45230 1083777 10.1000 8400535137 31254 782371 677090047 RES 17 15.54225 14.2017 1214412 1210547 11.27407 184776 $76322 12445403 442155 711337 5 22 47 0130 18 14.327 149203 1275351 1285830 1188959 10 8270010599371 67550 72483 642 AM 12 AM 1355 51 744 2013 53275 42 19 17.22801 1547846 14.32380 1313M 12032 11.15121195034 737 SAT 1300 20 140555 163510 1437747 1250033 1244221 114952 54 S 21 184 1781121 1541502 14.029 1242115 1176400 1055531001092224975200174 L 3012 WASAN OM 14 32 22183 470 45 5472 400 10KM LUSH 464 22 15.038 175405 1502 1445112 13.16300 12.0415 11.06124 1200 1400 74 7 23 20.45542 18.29220 16.461 148564 12.48857 12.33 11.27219 1837 50 24 21.3433 189133 1883554 15.24096 137864 12.550 11.09335270617 25222310 1952340 1741316 15.62208 140004 12783 15847478 22.7920 20.12104 1704 15277 143753 120031711251 27 2155861 270490 1822702 16.3299 14800 132195) 11.67 40 27 474 7424 7 $222 745 74250 21 130ssen W LUND 40 OSA 33854 230 300 3300 732 PM 80 D