Issue Price

The following terms relate to independent bond issues: ( stuck on c & D)

1. 590 bonds; $1,000 face value; 8% stated rate; 5 years; annual interest payments
2. 590 bonds; $1,000 face value; 8% stated rate; 5 years; semiannual interest payments
3. 900 bonds; $1,000 face value; 8% stated rate; 10 years; semiannual interest payments
4. 1,880 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.

Situation	Selling Price of the Bond Issue
a.	545267
b.	544440
c.	$fill in the blank 3
d.	$fill in the blank 4