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The following terms relate to independent bond issues: a. 620 bonds; $1,000 face value; 8% stated rate; 5 years; annual interest payments b. 620
The following terms relate to independent bond issues: a. 620 bonds; $1,000 face value; 8% stated rate; 5 years; annual interest payments b. 620 bonds; $1,000 face value; 8% stated rate; 5 years; semiannual Interest payments c. 810 bonds; $1,000 face value; 8% stated rate; 10 years; semiannual interest payments d. 2,120 bonds; $500 face value; 12% stated rate; 15 years; semiannual interest payments Use the appropriate present value table: PV of $1 and PV of Annuity of $1 Required: Assuming the market rate of interest is 10%, calculate the selling price for each bond issue. If required, round your Intermediate calculations and final answers to the nearest dollar. Situation a. b. C. d. Selling Price of the Bond Issue 572,994 X 572,123 691,549 X 1,205,637 X
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