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Exercise 14-2 (Algo) Determine the price of bonds in various situations [LO14-2] Determine the price of a $1.5 million bond issue under each of the

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Exercise 14-2 (Algo) Determine the price of bonds in various situations [LO14-2] Determine the price of a $1.5 million bond issue under each of the following independent assumptions: 1. Maturity 15 years, interest paid annually, stated rate 10%, effective (market) rate 12% 2. Maturity 15 years, interest paid semiannually, stated rate 10%, effective (market) rate 12%. 3. Maturity 15 years, interest paid semiannually, stated rate 12%, effective (market) rate 10%. 4. Maturity 10 years, interest paid semiannually, stated rate 12%, effective (market) rate 10%. 5. Maturity 10 years, interest paid semiannually, stated rate 12%, effective (market) rate 12% Note: Use tables, Excel, or a financial colculator. (FV of \$1. PV of \$1. EVA of S1. PVA of \$1. FVAD of S) and PVAD of S1) Complete this question by entering your answers in the tabs below. Maturity 15 years, interest paid annuatly, stated rate 10%, effective (market) rate 12%. Note: Round your answer to the nearest whole dollar

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