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Exercise 14-2 Determine the price of bonds in various situations [LO14-2] Complete the below table to calculate the price of a $1 million bond issue

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Exercise 14-2 Determine the price of bonds in various situations [LO14-2] Complete the below table to calculate the price of a $1 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) (Use appropriate factor(s) from the tables provided.): 1. Maturity 10 years, interest paid annually, stated rate 10%, effective (market) rate 12% 2. Maturity 10 years, interest paid semiannually, stated rate 10%, effective (market) rate 12% 3. Maturity 10 years, interest paid semiannually, stated rate 12%, effective (market) rate 10% 4. Maturity 20 years, interest paid semiannually, stated rate 12%, effective (market) rate 10% 5, Maturity 20 years, interest paid semiannually, stated rate 12%, effective (market) rate 12%

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