requirement 2-5

Determine the price of a $1.0 million bond issue under each of the following independent assumptions: 1. Maturity 12 years, interest paid annually, stated rate 10%, effective (market) rate 12%. 2. Maturity 12 years, interest paid semiannually, stated rate 10%, effective (market) rate 12%. 3. Maturity 12 years, interest paid semiannually, stated rate 12%, effective (market) rate 10%. 4. Maturity 10 years, interest paid semiannually, stated rate 12%, effective (market) rate 10%. 5. Maturity 10 years, interest paid semiannually, stated rate 12%, effective (market) rate 12%. Note: Use tables, Excel, or a financial calculator. (EV of \$1, PV of \$1, EVA of $1, PVA of $1, EVAD of \$1 and PVAD of $1 ) Complete this question by entering your answers in the tabs below. Price of bonds