2. Compute the bond issue proceeds assuming a market interest rate of 9...
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2. 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.) Present value of $1 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 2,000,000 91% 3. Compute the bond issue proceeds assuming a market interest rate of 11 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.) Present value of $1 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 2,000,000 111%
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