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Issue Price The following terms relate to independent bond issues: a. 600 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. 600 bonds; $1,000 face value; 8% stated rate; 5 years, annual interest payments b. 600 bonds, $1,000 face value; 8% stated rate; 5 years, semiannual interest payments c. 900 bonds, $1,000 face value; 8% stated rate; 10 years, semiannual interest payments d. 1,890 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 dollar. Situation Selling Price of the Bond Issue 11/15 item Ema co: 0.0%

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