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Exercise 1 4 - 2 ( Algo ) Determine the price of bonds in various situations [ LO 1 4 - 2 ] Determine the

Exercise 14-2(Algo) Determine the price of bonds in various situations [LO14-2]
Determine the price of a $1.4 million bond issue under each of the following independent assumptions:
Maturlty 10 years, Interest pald annually, stated rate 6%, effectlve (market) rate 8%.
Maturlty 10 years, Interest pald semlannually, stated rate 6%, effectlve (market) rate 8%.
Maturity 10 years, Interest pald semiannually, stated rate 8%, effectlve (market) rate 6%.
Maturity 20 years, Interest pald semlannually, stated rate 8%, effective (market) rate 6%.
Maturlty 20 years, Interest pald semlannually, stated rate 8%, effective (market) rate 8%.
Note: Use tables, Excel, or a financlal 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 semiannually, stated rate 8%, effective (market) rate 6%.
Note: Round your answer to the nearest whole dollar.
Price of bonds PLEASE DO ALL REQUIREMENTS!!!
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