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  3. issue price the following terms relate to independ

Issue Price The following terms relate to independent bond issues: 670 bonds; $1,000 face value;...

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Accounting

Issue Price

The following terms relate to independent bond issues:

670 bonds; $1,000 face value; 8% stated rate; 5 years; annual interest payments

670 bonds; $1,000 face value; 8% stated rate; 5 years; semiannual interest payments

750 bonds; $1,000 face value; 8% stated rate; 10 years; semiannual interest payments

1,840 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. $

b. $

c. $

d. $

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