Part 1 On April 1, 2020, ET Inc. has available for issue $185,000 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 Rate 8.5% Issue Price of the Bonds a. b. 5.5% c. 4.5% Part 2 On October 1, ET Inc. has available for issue a $301,000 bond due in eight years. Interest at the rate of 4.5% 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.) Market Interest Rate Issue Price of the Bonds b. 3.5% 4.59 5.2596