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Part 1 On April 1, 2020, ET Inc. has available for issue $351,000 bonds due in four years. Interest at the rate of 6.0% is

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Part 1 On April 1, 2020, ET Inc. has available for issue $351,000 bonds due in four years. Interest at the rate of 6.0% 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.) Issue Price of the Bonds a. Market Interest Rate 7% 6% 5% b. c. Part 2 On October 1, ET Inc. has available for issue a $311,000 bond due in eight years. Interest at the rate of 5.5% 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.) Issuo Price of the Bonds a Market Interest Rate 4.5% 5.5% 6.25% b. C

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