Situation: On January 1, 2017, Loyola Enterprises issued 10% bonds with a face value of $1,000,000 when the market rate was 8%. The bonds are due in 5 years, and interest is payable June 30 and December 31. Note: Nothing is required by the student for this section (use this information in Section 3).

3.) Bond Valuation: Use your personal present value tables to calculate the selling price of the bond issue described in the above Situation component. Complete the following table with the relevant information:

Cash Flows (Identify each below)	Effective Rate	Periods (n)	Table Factor	Present Value
$
$
Selling Price =	xxxxxxxxxxxxxxxx	xxxxxxxxxxxxxxxxx	xxxxxxxxxxxxxxxxx