Determine the price of a $2.0 million bond issue under each of the following independent...
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Accounting
Determine the price of a $2.0 million bond issue under each of the following independent assumptions:
1.) Maturity 10 years, interest paid annually, stated rate 8%, effective (market) rate 9%.
2.)Maturity 10 years, interest paid semiannually, stated rate 8%, effective (market) rate 9%.
3.)Maturity 10 years, interest paid semiannually, stated rate 9%, effective (market) rate 8%.
4.) Maturity 20 years, interest paid semiannually, stated rate 9%, effective (market) rate 8%
5.) Maturity 20 years, interest paid semiannually, stated rate 9%, effective (market) rate 9%.
Please answer this simply . for example 1) answer 2)answeretc..
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