Exercise $5-21($Algo$)$ Price of a bond $[$LO$5-9,5-10]$

On September $30,2024,$ the Techno Corporation issued $8\%$ stated rate bonds with a face amount

of $$500$ million. The bonds mature on September $30,2044(20$ years$).$ The market rate of interest

for similar bonds was $10\%.$ Interest is paid semiannually on March $31$ and September $30.$

Required:

Determine the price of the bonds on September $30,2024.$

Note: Use tables, Excel, or a financial calculator. Round your final answers to nearest whole

dollar amount, not in millions. $($FV of $$1,$ PV of $$1,$ FVA of $$1,$ PVA of $$1,$ FVAD of $$1$ and PVAD of

$$1)$Brief Exercise $5-20($Algo$)$ Price of a bond $[$LO$5-10]$

On December $31,2024,$ a company issued $6\%$ stated rate bonds with a face amount of $$102$ million. The bonds mature on December $31,2054.$ Interest is payable annually on each December $31,$ beginning in $2025.$

Determine the price of the bonds on December $31,2024,$ assuming that the market rate of interest for similar bonds was $7\%.$

Note: Use tables, Excel, or a financial calculator. Enter your answers in whole dollars and not in millions. $($FV of $$1,$ PV of $$1,$ FVA of $$1,$ PVA of $$1,$ FVAD of $$1$ and PVAD of $$1)$