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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 $1.4 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 $1.4 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 13 years, interest paid annually, stated rate 8%, effective (market) rate 12%. 2. Maturity 9 years, interest paid semiannually, stated rate 8%, effective (market) rate 12%. 3. Maturity 7 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 15 years, interest paid semiannually, stated rate 10%, effective (market) rate 10%.

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