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Issue Price The following terms relate to independent bond issues: a. 510 bonds; $1,000 face value; 890 stated rate; 5 years; annual interest payments b,
Issue Price The following terms relate to independent bond issues: a. 510 bonds; $1,000 face value; 890 stated rate; 5 years; annual interest payments b, 510 bonds; $1,000 face value; 8% stated rate; 5 years, semiannual interest payments c. 840 bonds; $1,000 face value; 896 stated rate; 10 years; semiannual interest payments d, 1,990 bonds; $500 face value; 12% stated rate; 15 years; semiannual interest payments Required: Assuming the market rate of interest is 10%, calculate the selling price for each bond issue. Refer to the tables above for present value factors. If required, do not round intermediate calculations and round all final answers to the nearest dollar. SituationSelling Price of the Bond Issue a. b. C. d
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