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Problem 14-1A Computing bond price and recording issuance Lo P1 Hartford Research issues bonds dated January 1, 2015, that pay interest semiannually on June 30

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Problem 14-1A Computing bond price and recording issuance Lo P1 Hartford Research issues bonds dated January 1, 2015, that pay interest semiannually on June 30 and December 31. The bonds have a $25,000 par value and an annual contract rate of 10%, and they mature in 10 years Table B.1, Table B.2, Table B.3, and Table B.4) (Use appropriate factor(s) from the tables provided. Round all table values to 4 decimal places, and use the rounded table values in calculations.) Required: Consider each of the following three separate situations. 1. The market rate at the date of issuance is 8%. (a) Complete the below table to determine the bonds' issue price on January 1, 2015. Table values are based on: Present Table Value Amount Cash Flow Value Par (maturity) value Interest (annuity) Price of bonds

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