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Issue Price The following terms relate to independent bond issues: a. 650 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. 650 bonds; $1,000 face value; 8% stated rate: 5 years; annual interest payments b, 650 bonds; $1,000 face value; 8% stated rate; 5 years; semiannual interest payments c. 760 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 ofinterest is 10% calculate he selling price or each bond issue require round your intermediate calculations andina answers othe nearest dol- Situation ing Price of the Bond Issue a. b. C. d
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