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The following terms relate to independent bond issues: a.) 800 bonds; $1,000 face value; 8% stated rate; 10 years; semiannual interest payments b.) 2,000 bonds;

The following terms relate to independent bond issues:

a.) 800 bonds; $1,000 face value; 8% stated rate; 10 years; semiannual interest payments

b.) 2,000 bonds; $500 face value; 12% stated rate; 15 years; semiannual interest payments

Assuming the market rate of interest is 10%, calculate the selling price for each bond issue. Refer to the tables above for present value factors. If required, round all calculations to the nearest dollar.

I know this question has already been asked & answered, but these last two answers were incorrect on the last one.

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