Business, 01.12.2020 16:40 samy17

The following terms relate to independent bond issues: 500 bonds; $1,000 face value; 8% stated rate; 5 years; annual interest payments.
500 bonds; $1,000 face value; 8% stated rate; 5 years; semi-annual interest payments.
800 bonds; $1,000 face value; 8% stated rate; 10 years; semi-annual interest payments.
2,000 bonds; $500 face value; 12% stated rate; 15 years; semi-annual interest payments.
Required:
Assuming the market rate of interest is 10%, calculate the selling price for each bond issue. Refer to the tables above for present value factors.

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The following terms relate to independent bond issues: 500 bonds; $1,000 face value; 8% stated rate...

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