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Exercise 9 - 2 2 ( Algo ) Part 2 2 - a . If the market rate is 7 % , calculate the issue

Exercise

9 - 22 (

Algo

)

Part

2

2 -

.

If the market rate is

7 %,

calculate the issue price.

(

FV of $

1,

PV of $

1,

FVA of $

1,

and PVA of $

1)

2 -

.

Will the bonds issue at face amount, a discount, or a premium?

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