Trew Company plans to issue bonds with a face value of $906,500 and a coupon rate of 6 percent. The bonds will mature in 10 years and pay interest semiannually every June 30 and December 31. All of the bonds are sold on January 1 of this year. (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use the appropriate factor(s) from the tables provided. Round your final answers to nearest whole dollar amount.) Determine the issuance price of the bonds assuming an annual market rate of interest of 8.0 percent Issuance price Future Value Factor for a Single Present Amount (Interest rate = r, Number of periods = n) 2% 1.0200 12% 1.1200 1.2544 1.4049 17% 1.1700 14% 1.1400 16% 1.1600 1% 1.0100 3% 1.0300 4% 1.0400 5% 1.0500 6% 1.0600 7% 1.0700 8% 1.0800 9% 1.0900 10% 1.1000 11% 1.1100 13% 1.1300 15% 1.1500 nir 1 2 1.0201 1.0404 1.0609 1.0927 1.0816 1.1025 1.1236 1.1449 1.1664 1,2597 1.1881 1.2100 1.2321 1.2769 1.2996 1.3225 1.5209 1.3456 1.3689 1.4815 1.6890 1.9254 2.1950 2.5023 2.8526 3.2519 1.5609 1.8106 1.0612 1.0824 1.1041 1.1262 1.1910 1.2625 1.3382 1.4185 1.0303 1.0406 1.0510 1.0615 1.1576 1.2250 1.3108 1.4026 1.5007 1.2950 1.4116 1.5386 1.6771 3 1.1249 1,3310 1.3676 1.4429 1,6016 1.1699 1.2167 1.2653 1.6305 1.8424 2.0820 1.5735 1.7623 1.9738 1.1255 1.3605 1.7490 1.8739 4 1.2155 1.4641 1.5181 1.4693 1.5869 1.7138 1.8509 1,1593 1,2763 1,6105 1.6851 1.8704 2.0114 2.1003 2.1924 2.5652 1.1941 1.3401 1.7716 2.3131 2.4364 6 1.2299 1.2668 1.3048 1.0721 1.0829 1.5036 1.5938 1.6895 1.6058 1.7182 1.8385 1.9672 2.1049 1.9487 2.1436 2.3579 7 8 1.3159 1.3686 1.4233 1.4071 1.4775 1.5513 1.8280 1.9926 2.1719 2.3674 2.5804 2.0762 2.3045 2.5580 2.2107 2.4760 2.7731 2.3526 2.6584 3.0040 3.3946 3.8359 2.6600 3.0590 2.8262 3.0012 3.5115 4.1084 4.8068 5.6240 1.1487 3.2784 1.1717 1.0937 1.1046 1.1951 1.9990 3.5179 4.0456 4.6524 3.8030 4.4114 1.2190 1.2434 1.2682 1.7908 1.8983 10 1.3439 1.4802 1.6289 2.1589 2.5937 2.8531 3.1384 2.8394 3.1058 3.7072 3.1518 1.1157 1.1268 1.3842 1.5395 1.7103 2.3316 3.4785 4.2262 5.1173 5.9360 6.8858 11 1.4258 2.5182 2.7196 2.9372 3.1722 2.8127 3.4985 4.3345 4,8980 5.3503 12 1.6010 1.7959 2.0122 2.2522 3.8960 4.8179 6.5801 13 2.1329 2.2609 2.3966 2.5404 2.6928 4.3635 4.8871 5.4736 1,6651 3.4523 3.8833 5.4924 6.2613 1.1381 1.2936 1,4685 1.8856 2,4098 3.0658 6.1528 7,0757 8.1371 7.6987 1.3195 1.3459 1.5126 1.5580 1.6047 1.9799 2.0789 9.0075 10.5387 12.3303 1.1495 1.7317 1.8009 2.5785 2.7590 3.3417 3.6425 3.7975 4.3104 4.7846 5.5348 6.2543 7.9875 14 15 4.1772 4.5950 5.0545 1.1610 1.1726 1.1843 9.2655 7.1379 16 17 18 1.3728 1.8730 2.1829 2.9522 3.4259 3.9703 5.3109 6.1304 6.8660 7.6900 8.6128 7.0673 8.1372 9.3576 10.7480 1.4002 1,6528 3.7000 14.4265 1,9479 2.2920 3.1588 4.3276 5.8951 7.9861 9.2765 10.7613 12.4677 1.1961 1.2081 3.9960 4.3157 4,6610 5.5599 6.1159 6.7275 1.7024 1,7535 1.8061 3.3799 3.6165 3.8697 12.3755 1.4282 2.0258 2.4066 2.8543 4,7171 6.5436 9.0243 10.1974 11.5231 10.5752 14,4625 16.8790 3.0256 12.0557 13.7435 14.2318 19 1.4568 2.1068 2.5270 5.1417 5.6044 7.2633 16.7765 19.7484 20 8.0623 1,2202 1.4859 2.1911 2.6533 3.2071 9.6463 16.3665 19.4608 23.1056 Present Value Factor for a Single Future Amount (Interest rate r, Number of periods = n) 1% 0.9901 2% 0.9804 3% 0.9709 0.9426 0.9151 0.8885 0.8626 0.8375 5% 0.9524 0.9070 0.8638 0.8227 6% 0.9434 7% 0.9346 9% 0.9174 10% 0.9091 0.8264 0.7513 0.6830 0.6209 0.5645 11% 0.9009 15% 0.8696 0.7561 0.6575 0.5718 16% 0.8621 0.7432 0.6407 0.5523 17% 0.8547 4% 0.9615 0.9246 0.8890 0.8548 0.8219 0.7903 8% 0.9259 0.8573 0.7938 0.7350 13% 0.8850 0.7831 14% 0.8772 0.7695 0.6750 0.5921 n 12% 0.8929 0.8900 0.8396 0.7972 0.7118 2 0.9803 0.9612 0.8734 0.8417 0.8116 0.7305 0.9423 0.9238 0.9057 0.8880 0.8706 0.8535 0.8368 0.7722 0.7084 0.6499 0.5963 0.5470 0.5019 0.4604 0.4224 0.3875 0.3555 0.9706 0.9610 0.9515 0.9420 3 0.8163 0.7312 0.6931 0.6244 0.6355 0.7921 0.7473 0.7050 0.6651 0.6274 0.5919 0.5584 0.5268 0.7629 0.7130 0.6663 0.6227 0.6587 0.6133 0.5428 0.4803 0.5337 0.4561 0.3898 4 5 6 0.7835 0.6806 0.5935 0.5674 0.5194 0.4972 0.4323 0.3759 0.4761 0.6302 0.5346 0.5066 0.4523 0.4556 0.3996 0.3506 0.7462 0.4104 0.8131 0.7894 0.3538 0.3050 0.2630 0.2267 0.1954 0.1685 0.1452 0.1252 0.7107 0.6768 0.4817 0.3332 7 0.9327 0.7599 0.5835 0.5132 0.4251 0.9235 0.9143 0.9053 0.8963 0.7307 0.4665 8 0.5820 0.5403 0.5002 0.4632 0.4289 0.4339 0.4039 0.3762 0.3269 0.2848 0.3606 0.3220 0.2875 0.2567 0.2292 0.2046 0.3075 0.2697 0.2366 0.2076 0.1821 0.7664 0.7026 0.6446 0.5439 0.4241 0.3909 0.3329 0.2843 0.2472 0.2149 0.1869 0.1625 0.2434 10 11 12 13 14 0.7441 0.7224 0.6756 0.6496 0.6246 0.6006 0.6139 0.5083 0.4751 0.4440 0.4150 0.3522 0.3173 0.2858 0.2575 0.8203 0.8043 0.3855 0.3505 0.3186 0.2897 0.2946 0.2607 0.2307 0.2042 0.1807 0.2080 0.1778 0.5847 0.8874 0.7885 0.7014 0.5568 0.4970 0.3971 0.1520 0.5303 0.5051 0.7730 0.7579 0.6810 0.4688 0.3677 0.1299 0.8787 0.3262 0.8700 0.6611 0.5775 0.4423 0.3878 0.3405 0.2992 0.2633 0.2320 0.1597 0.1413 0.1110 0.7430 0.7284 0.7142 0.7002 0.6864 0.6730 0.0949 0.0811 0.0693 0.0592 0.0506 0.0433 15 0.8613 0.6419 0.5553 0.5339 0.5134 0.4936 0.4810 0.4173 0.3624 0.3152 0.2919 0.2703 0.2502 0.2317 0.2145 0.2745 0.2394 0.2090 0.1827 0.1599 0.1401 0.1229 0.1069 0.0929 0.0808 0.0703 0.0611 0.1079 0.0930 0.0802 0.0691 0.0596 0.0514 16 17 0.3387 0.3166 0.2959 0.3936 0.2519 0.1631 0.1456 0.1415 0.1252 0.8528 0.1229 0.1078 0.0946 0.0829 0.0728 0.6232 0.6050 0.4581 0.2176 0.1883 0.4363 0.4155 0.3957 0.3769 0.1978 0.1799 0.1635 0.1486 0.1696 0.8444 0.3714 0.2311 0.5874 0.5703 0.1300 0.1161 0.1037 0.8360 0.2120 0.1945 0.1784 18 0.3503 0.1528 0.1108 0.3305 0.3118 0.0981 0.0868 19 0.8277 0.4746 0.2765 0.1377 20 0.8195 0.4564 0.2584 0.1240 0.5537 Future Value Factor for an Ordinary Annuity (Interest rate =r, Number of periods = n) 2% 1.0000 1.0000 10000 2.0200 3.0604 11% 1.0000 5% 1.0000 6% 7% 1.0000 2.0700 3.2149 4.4399 10% 1.0000 2.1000 3.3100 12% 1.0000 2.1200 3.3744 4.7793 13% 1.0000 3% 8% 14% 1.0000 2.1400 3.4396 16% 1.0000 2.1600 3.5056 5.0665 17% 1.0000 2.1700 3.5389 nir 1% 4% 1.0000 9% 1.0000 15% 1.0000 1 1.0000 1.0000 2.0800 3.2464 4.5061 5.8666 2.0300 3.0909 4.1836 5.3091 2.1100 3.3421 4.7097 2 2.0100 3.0301 2.0400 2.0500 2.0600 2.0900 2.1300 3.4069 4.8498 2.1500 3.4725 4.9934 3.1836 4.3746 3.1216 3.1525 4.3101 3.2781 4 4.0604 4.1216 4.2465 4.5731 4.6410 4.9211 5.1405 5 5.1010 5.2040 5.4163 5.5256 5.6371 5.7507 5.9847 6.1051 6.2278 6.3528 6.4803 6.6101 6.7424 6.8771 7.0144 6.8019 8.1420 8.3227 10.4047 6.9753 8.3938 9.8975 7.1533 7.7156 9.4872 8.1152 8.5355 6 6.1520 6.3081 7.4343 8.5830 9.7546 10.4622 10.9497 11.4639 12.1687 6.4684 7.6625 6.6330 7.3359 7.5233 7.9129 9.7833 11.0285 11.4359 11.8594 12.2997 8.7537 8.9775 11.4139 11.7720 14.2401 17.5185 18.2847 21.3215 22.3931 9.2068 8.6540 10.2598 10.6366 10.7305 11.0668 7 7.2135 7,8983 8.9228 9.2004 10.0890 9.2142 10.5828 11.0266 11.4913 11.9780 12.0061 12.5779 8.2857 9.3685 8 8.8923 9.5491 12.7573 13.2328 13.7268 14.7733 10.1591 12.4876 13.0210 13.5795 14.4866 14.1640 16.0853 16.7858 19.3373 20.3037 20.6546 21.8143 23.0445 24.3493 25.7329 27.1999 14.7757 17.5487 15.4157 15.1929 15.9374 13.1808 14.9716 15.7836 16.6455 17.5603 16.8699 18.8821 20.1406 21.4953 22.9534 24.5227 26.2116 28.0291 10 13.8164 16.7220 18.4197 11.5668 12.6825 12.8078 13.4864 14.2068 14.1920 18.5312 19.5614 11 12 25.6502 27.2707 29.9847 32.0887 34.3519 36.7862 39.4040 13.4121 15.0258 15.9171 17.8885 18.9771 20.1407 21.3843 22.7132 24.1331 29.0017 30.8502 32.8239 13 13.8093 14.6803 15.6178 16.6268 17.7130 37.5811 40.5047 43.6720 14 14.9474 15.9739 17.0863 18.2919 19.5986 21.0151 22.5505 24.2149 26.0192 27.9750 30.0949 32.3926 34.8827 47.1027 15 16.0969 17.2934 18.5989 20.0236 21.5786 23.2760 25.1290 27.1521 29.3609 31.7725 34.4054 37.2797 40.4175 43.8424 47.5804 51.6595 56.1101 55.7175 60.9250 17.2579 18.6393 20.1569 21.8245 23.6575 25.6725 27.8881 18.4304 20.0121 30.3243 33.0034 35.9497 39.1899 42.7533 46.6717 66.6488 53.7391 59.1176 65.0751 71.6730 78.9792 75.8364 84.1407 93.4056 78.9692 88.2118 98.6032 110.2846 91.0249 102.4436 115.3797 130.0329 16 17 50.9804 21.7616 23.6975 25.8404 28.2129 30.8402 33.7502 36.9737 40.5447 44.5008 48.8837 18 19.6147 21.4123 23.4144 25.6454 28.1324 30.9057 33.9990 37.4502 41.3013 45.5992 50.3959 55.7497 61.7251 68.3941 56.9395 63.4397 72.0524 19 20 20.8109 22.8406 25.1169 27.6712 30.5390 33.7600 37.3790 41.4463 46.0185 22.0190 24.2974 26.8704 29.7781 33.0660 36.7856 40.9955 45.7620 51.1601 57.2750 64.2028 51.1591 70.7494 80.9468