Issue Price The following terms relate to independent bond issues: a. 480 bonds; $1,000 face value; 8% stated rate; 5 years; annual interest payments b. 480 bonds; $1,000 face value; 8% stated rate; 5 years; semiannual interest payments c. 860 bonds; $1,000 face value; 8% stated rate; 10 years; semiannual interest payments d. 2,060 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. b. c. d