uppose that a company issues the followingbondsat different times. Interest on the bonds is paid annually.

1. $80,000 of 6%, 10-year bonds when themarket rate of interestis 7%
2. $60,000 of 8%, 6-year bonds when the market rate of interest is 6%
3. $120,000 of 10%, 5-year bonds when the market rate of interest is 8%

Required:

Calculate the issuance price for each bond.

Bond 1$Bond 2$Bond 3$