HELP! Due today!

The following terms relate to independent bond issues:

680 bonds; $1,000 face value; 8% stated rate; 5 years; annual interest payments

680 bonds; $1,000 face value; 8% stated rate; 5 years; semiannual interest payments

860 bonds; $1,000 face value; 8% stated rate; 10 years; semiannual interest payments

2,040 bonds; $500 face value; 12% stated rate; 15 years; semiannual interest payments

Use the appropriate present value table:

PV of $1 and PV of Annuity of $1

Required:

Assuming the market rate of interest is 10%, calculate the selling price for each bond issue. If required, round your intermediate calculations and final answers to the nearest dollar.

SituationSelling Price of the Bond Issue

a.

b.

c.

d.