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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.

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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. 500 bonds; $1,000 face value; 8% stated rate; 5 years; semlannual 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 req TADI E Q.9 Dranant Ifolun af 1 TARI E Q.A Draeant Valuia of Annuiku af 1

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