Walter Company issues $750,000 of 12% bonds that pay interest semiannually and mature in 10 years. Compute the bonds issue price assuming that the bonds market interest rate is:

a. 10% per year compounded semiannually. Issue price for $750,000, 10-year bonds that pay 10% interest semiannually: Present value of principal payments Present value of semiannual interest payments Issue price of bonds PV

b. 14% per year compounded semiannually Issue price for $750,000, 10-year bonds that pay 14% interest semiannually: Present value of principal payments Present value of semiannual interest payments Issue price of bonds PV