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Use the following to answer questions 1 - 3 (Round answers to the nearest dollar) BA Corp issues 4.5%, 5-year bonds with a total face
Use the following to answer questions 1 - 3 (Round answers to the nearest dollar) BA Corp issues 4.5%, 5-year bonds with a total face amount of $100,000. The market interest rate for bonds of similar risk and maturity is 4.6%. Interest is paid semi-annually. DO NOT ROUND YOUR ANSWERS UNTIL YOU FULLY COMPLETE THE PROBLEM SET. 1. $ How much will be paid in interest each interest payment? 2. $ (rounded to nearest dollar). What is the present value of the interest payments? 3. $ (rounded to nearest dollar). What is the issue price of the bond
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