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Use the present value tables 1 and 2 to calculate the issue price of a $600,000 bond issue in each of the following independent cases.
Use the present value tables 1 and 2 to calculate the issue price of a $600,000 bond issue in each of the following independent cases. Assume interest is paid semiannually. a. A 10-year, 8 percent bond issue: the market interest rate is 10 percent. $ b. A 10-year, 8 percent bond issue: the market interest rate is 6 percent. $ c. A 10-year, 10 percent bond issue: the market interest rate is 8 percent. $ d. A 20-year, 10 percent bond issue: the market interest rate is 12 percent. $ e. A 20-year, 10 percent bond issue: the market interest rate is 6 percent. $
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