Use the following information for all questions related to Gloria's Glorious Morning Muffins:

Gloria's Glorious Morning Muffins is issuing a $10,000 12% (stated rate) 2-year bond. The market rate of interest on the date of issuance is 9%. Interest payments will be made on a monthly basis.

question 4

What is the issue price of Gloria's bond? Round FINAL ANSWER to two decimal places if necessary. (Don't round intermediate steps/factors from the PV tables)

Question 5

McGill would like to build a new gym for its campus and decides to issue bonds in order to raise money. On January 1st, Year 1, McGill issues a four-year, $10,000 face value bond with a 6% stated annual interest rate. Interest is payable semi-annually on the last day of June and the last day of December. The market annual interest rate is 8%.

Calculate the issue price of McGill's bond. Round your final answer to the nearest two decimal places.

Use the following information for all questions related to Gloria's Glorious Morning Muffins: Gloria's Glorious Morning Muffins is issuing a $10,00012% (stated rate) 2-year bond. The market rate of interest on the date of issuance is 9%. Interest payments will be made on a monthly basis. Question 2 0.5 pts What is the total payment for interest each period on Gloria's bond? Round to two decimal places if necessary. Question 3 What is the interest rate (in percentage form, i.e. 10\%) that Gloria will use each period to calculate interest expense? Round to two decimal places (i.e. 2.25\%). What is the issue price of Gloria's bond? Round FINAL ANSWER to two decimal places if necessary. (Don't round intermediate steps/factors from the PV tables) Question 5 2 pts McGill would like to build a new gym for its campus and decides to issue bonds in order to raise money. On January 1st, Year 1, McGill issues a four-year, $10,000 face value bond with a 6% stated annual interest rate. Interest is payable semi-annually on the last day of June and the last day of December. The market annual interest rate is 8%. Calculate the issue price of McGill's bond. Round your final answer to the nearest two decimal places