Part 1 Page 950 On April 1, 2020, Shelter Bay Inc. has available for issue $900,000...

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Part 1 Page 950 On April 1, 2020, Shelter Bay Inc. has available for issue $900,000 bonds due in four years. Interest at the rate of 10% is to be paid quarterly Calculate the issue price if the market interest rate is a. 11% b. 10% 6.95 Part 2 On October 1, Shelter Bay Inc. has available for issue a $326,000 bond due in eight years. Interest at the rate of 12% is to be paid semiannually. Calculate the issue price if the market interest rate is a. 11.50% b. 12.00% -15946 Part 1 Page 950 On April 1, 2020, Shelter Bay Inc. has available for issue $900,000 bonds due in four years. Interest at the rate of 10% is to be paid quarterly Calculate the issue price if the market interest rate is a. 11% b. 10% 6.95 Part 2 On October 1, Shelter Bay Inc. has available for issue a $326,000 bond due in eight years. Interest at the rate of 12% is to be paid semiannually. Calculate the issue price if the market interest rate is a. 11.50% b. 12.00% -15946