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Issue Price The following terms relate to independent bond issues: a. 470 bonds: $1,000 face value; 8% stated rate; 5 years; annual interest payments b.
Issue Price The following terms relate to independent bond issues: a. 470 bonds: $1,000 face value; 8% stated rate; 5 years; annual interest payments b. 470 bonds $1,000 face value; 8% stated rate; 5 years; semiannual interest payments C. 840 bonds; 51,000 face value; 8% stated rate; 10 years; semiannual interest payments d. 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 Situation Selling Price of the Bond Issue
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