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eceivable 14) Seaside issues a bond that has a stated interest rate of 9%, face amount of $40,000, and is due in 6 years.
eceivable 14) Seaside issues a bond that has a stated interest rate of 9%, face amount of $40,000, and is due in 6 years. Interest payments are made semiannually. The market rate for this type of bond is 10%. What is the issue price of the bond? (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) vided TABLE 1 Future Value of $1 FV= $1(1+)" nA 1.0% 1.5% 1 1.01000 1.01500 2 3 2.5% 1.02500 1.02000 1.02010 1.03022 1.04040 1.05063 1.07689 1.06121 2.0% 4 S 1.04060 1.05101 1.03030 1.04568 1.06136 1.07728 1.10408 1.13141 1.15927 1.08243 1.10381 3.0% 1.03000 1.06090 1.09273 1.12551 3.5% 1.03500 1.07123 1.10872 1.14752 1.18769 5.0% 4.5% 4.0% 1.05000 1.04500 1.04000 1.10250 1.09203 1.08160 1.15763 1.14117 1.12486 1.16986 1.19252 1.21551 1.27628 1.24618 1.21665 6.0% 5.5% 1.06000 1.05500 1.14490 1.11303 1.12360 1.22504 1.19102 1.17424 1.26248 1.31080 1.23882 1.40255 1.33823 1.30696 7.0% 8.0% 9.0% 10.0% 11.0% 12.0% 20.0% 1.07000 1.08000 1.09000 1.10000 1.11000 1.12000 1.20000 1.16640 1.25971 1.36049 1.46933 1.18810 1.29503 1.41158 1.53862 1.21000 1.33100 1.46410 1.68506 1.61051 1.23210 1.36763 1.25440 1.44000 1.40493 1.72800 1.51807 1.57352 2.07360 1.76234 2.48832 6 1.06152 1.09344 7 1.07214 1.10984 8 1.08286 1.12649 1.17166 9 1.67710 1.50073 1.58687 1.41852 1.37884 1.34010 1.30226 1.26532 1.22926 1.12616 1.15969 1.19405 1.82804 1.71382 1.60578 1.50363 1.45468 1.40710 1.36086 1.31593 1.18869 1.14869 1.22987 1.27228 1.99256 1.85093 1.71819 1.59385 1.53469 1.47746 1.42210 1.36857 1.31681 1.21840 1.26677 2.17189 1.99900 1.83846 1.68948 1.61909 1.55133 1.42331 1.48610 1.09369 1.14339 1.19509 1.24886 1.30477 1.36290 2.36736 2.15892 1.79085 1.96715 10 1.10462 1.16054 1.21899 1.28008 1.34392 1.41060 1.48024 1.55297 1.62889 1.70814 30 1.87041 1.77156 2.07616 1.94872 2.30454 2.14359 1.97382 2.98598 2.21068 3.58318 2.47596 4.29982 2.35795 2.55804 2.77308 5.15978 2.59374 2.83942 3.10585 6.19174 11 12 13 1.71034 1.31209 1.38423 1.11567 1.17795 1.24337 1.45997 1.53945 1.62285 1.12683 1.19562 1.26824 1.34489 1.79586 1.42576 1.51107 1.60103 1.69588 1.13809 1.21355 1.29361 1.37851 1.46853 1.77220 1.88565 2.00577 1.56396 1.66507 2.11609 14 1.14947 1.97993 1.23176 1.31948 1.73168 1.85194 1.51259 1.61869 1.41297 1.34587 2.23248 15 1.16097 1.25023 1.44830 2.07893 1.55797 1.67535 1.80094 1.93528 1.80209 1.90121 2.58043 2.33164 2.10485 1.89830 2.81266 2.51817 2.25219 2.01220 3.06580 2.40985 2.71962 2.13293 3.34173 2.93719 2.57853 2.26090 3.64248 3.17217 2.39656 2.75903 3.15176 2.85312 3.13843 3.49845 3.45227 3.79750 4.17725 3.47855 7.43008 3.89598 8.91610 4.36349 3.88328 4.88711 4.31044 4.78459 5.47357 10.69932 12.83918 15.40702 17 18 19 20 1.22019 1.34686 1.48595 1.63862 1.80611 1.26899 1.37279 16 1.17258 1.48451 1.60471 1.73399 1.87298 2.18287 2.02237 2.35526 1.18430 1.28802 1.40024 1.52162 2.48480 1.65285 1.79468 2.29202 1.94790 2.11338 1.55966 1.42825 1.70243 2.40662 2.62147 1.19615 1.30734 1.85749 2.02582 2.20848 1.20811 2.76565 1.32695 1.45681 1.59865 1.75351 1.92250 2.10685 2.30786 2.52695 2.65330 1.98979 2.19112 2.41171 2.91776 2.54035 2.69277 2.85434 3.02560 3.20714 5.31089 6.13039 4.59497 3.97031 3.42594 2.95216 5.89509 6.86604 5.05447 4.32763 3.70002 3.15882 7.68997 6.54355 5.55992 4.71712 3.99602 3.37993 8.61276 6.11591 7.26334 5.14166 4.31570 3.61653 6.72750 8.06231 9.64629 5.60441 3.86968 4.66096 18.48843 22.18611 26.62333 31.94800 38.33760 21 40 1.23239 1.36706 1.51567 1.67958 1.86029 2.05943 2.27877 2.52024 2.78596 3.07823 25 1.28243 1.45095 1.64061 1.85394 2.09378 2.36324 2.66584 3.00543 3.38635 3.81339 30 1.34785 1.56308 2.42726 2.80679 3.74532 1.81136 2.09757 4.32194 4.98395 1.48886 181402 2.20804 2.68506 3.26204 3.95926 4.80102 5.81636 7.03999 8.51331 3.24340 8.94917 10.80385 4.14056 3.39956 5.03383 6.10881 7.40025 13.58546 17.00006 10.83471 6.84848 8.62308 5.42743 4.29187 13.26768 17.44940 22.89230 29.95992 7.61226 10.06266 5.74349 10.28572 14.97446 21.72452 31.40942 45.25926 65.00087 93.05097 1469.77160 46.00512 95.39622 237.37631
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