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Exercise 14-2 (Algo) Determine the price of bonds in various situations [LO14-2] Complete the below table to calculate the price of a $1.5 million bond
Exercise 14-2 (Algo) Determine the price of bonds in various situations [LO14-2] Complete the below table to calculate the price of a $1.5 million bond issue under each of the following independent assumptions (FV of $1, PV of $1, FVA of $1. PVA of $1, FVAD of $1 and PVAD of $1): 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 5 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%. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Maturity 15 years, interest paid semiannually, stated rate 10%, effective (market) rate 12%. (Round your answers to the nearest whole dollar.) Price of bonds $ 1,301,840 Exercise 14-2 (Algo) Determine the price of bonds in various situations (LO14-2] Complete the below table to calculate the price of a $1.5 million bond issue under each of the following independent assumptions (FV of $1, PV of $1, FVA of $1. PVA of $1, FVAD of $1 and PVAD of $1): 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 5 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%. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Maturity 15 years, interest paid annually, stated rate 10%, effective (market) rate 12%. (Round your answers to the nearest whole dollar.) Price of bonds $ 1,314,168
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