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1. value: 1.53 points Hartford Research issues bonds dated January 1, 2015, that pay interest semiannually on June 30 and December 31. The bonds
1. value: 1.53 points Hartford Research issues bonds dated January 1, 2015, that pay interest semiannually on June 30 and December 31. The bonds have a $33,000 par value and an annual contract rate of 10%, and they mature in 10 years. (Table Table 3.2, Table 3.3 and Table 3.4) (Use appropriate factor(s) from the tables provided. Round all table values to 4 decimal places, and use the rounded table values in calculations.) Required: Consider each of the following three separate situations. 1. The market rate at the date of issuance is 8%. (a) Complete the below table to determine the bonds' issue price on January 1, 2015. ble Valu oun Par (maturity) value Interest (annuity) Price of bonds
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