Problem 5 What is the market value of each of the following bond issues? $1,000,000 face value; 8% stated interest rate; 10-year life; interest paid semi-annually; 6% effective interest rate. $1,000,000 face value; 8% stated interest rate; 10-year life; interest paid semi-annually; 8% effective interest rate. $1,000,000 face value; 8% stated interest rate; 10-year life; interest paid semi-annually; 10% effective interest rate