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The Altoona Company issued a 25-year bond 5 years ago with a face value of $1,000. The bond pays interest semiannually at a 10.6% annual

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The Altoona Company issued a 25-year bond 5 years ago with a face value of $1,000. The bond pays interest semiannually at a 10.6% annual rate. a. What is the bond's price today if the interest rate on comparable new issues is 12%? Round the answer to the nearest cent. What is the price today if the interest rate is 8%? Round the answer to the nearest cent. What is the price today if the interest rate is 10.6%? Round the answer to the nearest cent. Calculate the market price of a $1,000 face value bond under the following conditions. Assume interest is paid semiannually. Round the answers to the nearest cent

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