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Print Item Issue Price The following terms relate to independent bond issues: 490 bonds;...

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Finance

  1. Print Item

    Issue Price

    The following terms relate to independent bond issues:

    1. 490 bonds; $1,000 face value; 8% stated rate; 5 years; annual interest payments
    2. 490 bonds; $1,000 face value; 8% stated rate; 5 years; semiannual interest payments
    3. 830 bonds; $1,000 face value; 8% stated rate; 10 years; semiannual interest payments
    4. 2,010 bonds; $500 face value; 12% stated rate; 15 years; semiannual interest payments

    Use the appropriate present value table:

    PV of $1 and PV of Annuity of $1

    Required:

    Assuming the market rate of interest is 10%, calculate the selling price for each bond issue. If required, round your intermediate calculations and final answers to the nearest dollar.

    Situation Selling Price of the Bond Issue
    a. $fill in the blank 1
    b. $fill in the blank 2
    c. $fill in the blank 3
    d. $fill in the blank 4

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