Issue Price

The following terms relate to independent bond issues:

1. 640 bonds; $1,000 face value; 8% stated rate; 5 years; annual interest payments
2. 640 bonds; $1,000 face value; 8% stated rate; 5 years; semiannual interest payments
3. 860 bonds; $1,000 face value; 8% stated rate; 10 years; semiannual interest payments
4. 1,990 bonds; $500 face value; 12% stated rate; 15 years; semiannual interest payments