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On April 1, 2023, ET Inc. has available for issue $355,000 bonds due in four years. Interest at the rate of 5.0% is to be
On April 1, 2023, ET Inc. has available for issue $355,000 bonds due in four years. Interest at the rate of 5.0% is to be paid quarterly. Calculate the issue price if the market interest rate is: (Do not round intermediate calculations. Round the final answers to the nearest whole dollar.) Part 2 On October 1, ET Inc. has available for issue a $363,000 bond due in eight years. Interest at the rate of 5.0% is to be paid semiannually. Calculate the issue price if the market interest rate is: (Do not round intermediate calculations. Round the final answers to 2 decimal places.)
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