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Issue Price The following terms relate to independent bond issues: a. 500 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. 500 bonds; $1,000 face value; 8% stated rate; 5 years, annual interest payments b. 500 bonds; $1,000 face value; 8% stated rate; 5 years; semiannual interest payments c. 800 bonds, $1,000 face value; 8% stated rate; 10 years, semiannual interest payments d. 2,000 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 all calculations to the nearest dollar SituationSelling Price of the Bond Issue a. 461,390 700,303 1,153,727 b. C. d
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