Murry Corp. issued a five-year $1,000, 8% (stated interest rate) bond on January 1, 2020 when the market rate of interest was 9%. The bond pays annual interest each December 31. Table I: Future Value of $1 n 8% 9% 5 1.469328 1.538624 Table III: Future Value of an Annuity of $1 8% 9% 5 5.866601 5.984711 n Table II: Present Value of $1 n 8% 9% 5 0.680583 0.649931 Table IV: Present Value of an Annuity of $1 8% 9% 5 3.992710 3.889651 n Calculate the present value of repayment of the face value of the bond at maturity (round your answer to the nearest whole dollar). Numeric Response Murry Corp. issued a five-year, $1,000, 8% (stated interest rate) bond on January 1, 2020 when the market rate of interest was 9%. The bond pays annual interest each December 31. Table I: Future Value of $1 8% 9% 5 1.469328 1.538624 Table III: Future Value of an Annuity of $1 n 8% 9% 5 5.866601 5.984711 Table II: Present Value of $1 n 8% 9% 5 0.680583 0.649931 Table IV: Present Value of an Annuity of $1 n 8% 9% 3.992710 3.889651 5 Calculate the present value of the cash flow of the five annual interest payments (round your answer to the nearest whole dollar). Numeric Response Murry Corp. issued a five-year, $1,000, 8% (stated interest rate) bond on January 1, 2020 when the market rate of interest was 9%. The bond pays annual interest each December 31. Table I: Future Value of $1 Table III: Future Value of an Annuity of $1 8% 8% 9% 1.469328 1.538624 5.866601 5.984711 9% n 5 n 5 Table II: Present Value of $1 n 8% 9% 5 0.680583 0.649931 Table IV: Present Value of an Annuity of $1 8% 9% 5 3.992710 3.889651 n Pretend that the correct responses to Parts A and B are the following: Part A. $611, present value of repayment of the face value at maturity. Part B, $350, present value of the five cash interest payments. Compute the issue price of the bond (round to the nearest whole dollar). Numeric Response