Your company plans to issue bonds later in the upcoming year. But with the economic uncertainty and varied interest rates, it is not clear how much money the company will receive when the bonds are issued. The company is committed to issuing 1,900 bonds, each of which will have a face value of $1,000, a stated interest rate of 9 percent paid annually, and a period to maturity of 10 years. (Future Value of $1, Present Value of $1, Future Value Annuity of $1, Present Value Annuity of $1) (Use appropriate factor(s) from the tables provided.) Required: 1. Compute the bond issue proceeds assuming a market interest rate of 9 percent. (When computing proceeds, round the present value of the face amount and of the annual interest payment to the nearest thousand dollars.) Also, express the bond issue price as a percentage by comparing the total proceeds to the total face value. (Round "Bond Issue Price as a Percentage" to 2 decimal places.) Table or Calculator Function: Face Value of Bond Issuance from Future Value Market Interest Rate Present value of proceeds from bond issue Bond Issue Price as a Percentage of Face Value 2. Compute the bond issue proceeds assuming a market interest rate of 8 percent. (When computing proceeds, round the present value of the face amount and of the annual interest payment to the nearest thousand dollars.) Also, express the bond issue price as a percentage by comparing the total proceeds to the total face value. (Round "Bond Issue Price as a Percentage" to 2 decimal places.) Table or Calculator Function: Face Value of Bond Issuance from Future Value Market Interest Rate Present value of proceeds from bond issue Bond Issue Price as a Percentage of Face Value 3. Compute the bond issue proceeds assuming a market interest rate of 10 percent. (When computing proceeds, round the present value of the face amount and of the annual interest payment to the nearest thousand dollars.) Also, express the bond issue price as a percentage by comparing the total proceeds to the total face value. (Round "Bond Issue Price as a Percentage" to 2 decimal places.) Table or Calculator Function: Face Value of Bond Issuance from Future Value Market Interest Rate Present value of proceeds from bond issue Bond Issue Price as a Percentage of Face Value 31607 19372 31 14 14 54 940879437 538965 8284 1877 3 2-111-2223456 5 135703 1 1800 5 8277 1055841011 90 90 4 456 44 04 57 2 142 26-61 7 17503571 1 1 7 0162954 97 1 2 11122 13869 2 791 111-12 01234567890 01234567890 TABLE C.2 Present Value of $1 Periods 2% 0.98039 0.94232 0.97087 0.94260 0.91514 0.88849 0. 0.96386 0.96154 0.92456 0.95923 0.92013 0.88262 0.95238 0.90703 0.93458 0.92593 0.87344 0.85734 0.83962 0.81630 0.79383 0.76290 0.73503 0.71299 0.68058 0.666340.63017 0.62275 0.58349 0.58201 0.54027 0.59190 0.54393 0.50025 0.50835 0.46319 0.31180 0.25842 0.21455 2 0.86307 0.83188 0.80181 0.77283 0.75992 0.82270 0.78353 0.79209 0.74726 0.70496 0.66506 0.62741 0.81212 0.77901 0.74725 0.73069 071679 0.702590.68757 0.65954 0.43499 0.90573 0.86261 0.88797 0.87056 0.85349 0.83676 0.76642 071 0.82035 0.67297 0.82193 0.79031 0.83748 0.81309 0.78941 797 0.69202 0.47889 0.67556 0.61391 0.37689 0.55839 20 0.55368 Periods 9% 0.91743 0.84168 0.82645 0.81162 0.77218 0.70843 0.649930.62092 0.59 0.59627 0.54703 0.50187 0.88496 0.86957 70.75614 0.83333 0.80000 0.69444 0.64000 0.65752 0.57870 0.51200 0.57175 0.48225 0.40960 49718 0.40188 0.32768 0.33490 0.26214 0.27908 0.20972 0.76947 0.67497 0.59208 43 0.54276 0.51937 0.45559 0.39964 2 0.75131 0.68301 0.73119 0.65873 0.71178 0.63552 0.69305 0.61332 0.48032 0.42506 040388 0.37616 0.33288 0.29459 0.43233 0.37594 0.51316 0.46651 0.43 0.42410 0.38554 0.35218 0.48166 0.45235 0.36061 0.10367 0.32690 0.23257 0.16777 0.30751 0.26974 0.19381 0.13422 0.16151 0.10737 6 0.06110 0.02608 0.01153 0.28426 0.24718 0.42241 0.17843 0.12403 20 TABLE C.3 Future Value of Annuity of $1 Periods2% 3 5 5 2 2 9.75463 10.15911 10.47503 10.58280 10.69182 11.02656 10.94972 1.46388 11.86784 12.00611 12.14622 2.57789 24.29737 26.87037 29.01739 29.77808 30.56250 33.06595 9 Periods* 996 2 2 0 2 8.20703 7 2 7 9.78327 10.08901 10.40466 10.73049 2 11.02847 11.43589 11.85943 12.29969 1275726 13.23276 13.02104 13.57948 14.16397 14.77566 15.41571 16.08535 5.19293 15.93742 6.72201 17.54874 18.4197519.33730 20. 51.16012 57.27500 64.20283 72.05244 80.94683 91.02493 102.44358 186.68800 342.94470 20.30372 25. TABLE C.4 Present Value of Annuity of $1 Periods* 2% 375% 425% 0.98039 1.94156 2.88388 3.80773 0.97087 1.91347 2.82861 3.71710 0.96386 1.89287 2.78831 3.65138 0.96154 2.77509 4.45182 0.95923 1.87936 1.85941 2.761982.723 3.60861 442073 4.32948 5.19974 0.95238 0.94340 0.93458 0.92593 1.80802 78326 2.62432 2.57710 3.38721 3.31213 4.21236 4.10020 3.99271 4.76654 4.62288 5.38929 5.20637 5.97130 5.74664 25 267301 3.46511 3.54595 4.57971 14.48326 35708576569 8.01089 7.72173 5.28507 6.05790 6.00205 5. 6.80280 6.7 7.52077 7.43533 4.91732 5.58238 6.20979 6.80169 5.60143 6.47199 5.41719 5.24214 5.78637 6.46321 7.10782 7.32548 7.01969 8.16224 7.78611 6.66378 7.35135 6.73274 6.5 7.02358 6.71008 16.35143 14.87747 13.89620 13.59033 13.29437 12.46221 11.46992 10.59401 9.81815 8.98259 8.53020 8.21279 20 12% 14% 0.87719 0.86957 2.32163 2.28323 2.10648 95200 Periods* 15% 25% 0.91743 1.75911090909 2.53129 248685 2.44371 3.23972 3.88965 37907 4.48592 4.35526 5.03295 4.868424.71220 456376 442 5.53482 5.99525 575902 5.53705 6.41766 6.14457 9.12855 0.88496 1.66810 2.40183 2.36115 2.97447 9 3.69590 3.60478 3.51723 0.90090 0.89286 1.71252 3.10245 4.23054 5.14612 5.88923 0.83333 0.80000 1.52778 1.44000 0 1.64666 1.62571 2.85498 3.78448 1.73554 291371 3.16987 3.03735 4.11141 4.96764 23 565022 2.58873 2.36160 3.35216 2.99061 2.68928 3.32551 2.95142 3.99755 3.88867 479877 4.63886 4.487 542624 5.21612 4.28830 4.16042 3.60459 3.16114 5.33493 3.83716 3.32891 4.030973.46313 4.19247 3.57050 4.86958 3.95338 4.77158 5.01877 6.25933 5.328255.13166 20 8.513567.96333 7.469447.02475 6.62313 is one payment each period