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Part 1 On April 1, 2020, ET Inc. has available for issue $391,000 bonds due in four years, Interest at the rate of 5.5% is
Part 1 On April 1, 2020, ET Inc. has available for issue $391,000 bonds due in four years, Interest at the rate of 5.5% 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.) Market Interest Issue Price of the Rate Bonds 6.5% 5.5% 4.5% Part 2 On October 1, ET Inc. has available for issue a $324,000 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.) Activate Go to Set
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