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: 1. Maturity 13 years, interest paid annually, stated rate 8%, effective (market) rate 12%. 2. Maturity 13 years, interest paid semiannually, stated rate 8%, effective (market) rate 12%. 3. Maturity 13 years, interest paid semiannually, stated rate 10%, effective (market) rate 8%. 4. Maturity 8 years, interest paid semiannually, stated rate 10%, effective (market) rate 8%. 5. Maturity 8 years, interest paid semiannually, stated rate 10%, effective (market) rate 10%. Note: Use tables, Excel, or a financial 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. Required 1 Required 2 Required 3 Required 4 Required 5 Maturity 13 years, interest paid annually, stated rate 8%, effective (market) rate 12%. Note: Round your answer to the nearest whole dollar. Price of bonds 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: 1. Maturity 13 years, interest paid annually, stated rate 8%, effective (market) rate 12%. 2. Maturity 13 years, interest paid semiannually, stated rate 8%, effective (market) rate 12%. 3. Maturity 13 years, interest paid semiannually, stated rate 10%, effective (market) rate 8%. 4. Maturity 8 years, interest paid semiannually, stated rate 10%, effective (market) rate 8%. 5. Maturity 8 years, interest paid semiannually, stated rate 10%, effective (market) rate 10%. Note: Use tables, Excel, or a financial calculator. (EV of $1. PV of $1. FVA of $1. PVA of $1. EVAD of $1 and PVAD of $1.) Complete this question by entering your answers in the tabs below. Required 1 Required Required 3 Required 4 Required 5 Maturity 13 years, interest paid semiannually, stated rate 8%, effective (market) rate 12%. Note: Round your answer to the nearest whole dollar. Price of bonds < Required 1 Required 3>