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This is due by midnight and I am so lost! Help! Issue...

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Question

Accounting

This is due by midnight and I am so lost! Help!

Issue Price

The following terms relate to independent bond issues:

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

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

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

1,810 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

Answer & Explanation Solved by verified expert
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