Solution-Calculate the selling price for each bond issue

Calculate the selling price for each bond issue

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Reference no: EM133069408

Question - Issue Price - The following terms relate to independent bond issues:

1. 550 bonds; $1,000 face value; 8% stated rate; 5 years; annual interest payments.

2. 550 bonds; $1,000 face value; 8% stated rate; 5 years; semiannual interest payments.

3. 820 bonds; $1,000 face value; 8% stated rate; 10 years; semiannual interest payments.

4. 1,960 bonds; $500 face value; 12% stated rate; 15 years; semiannual interest payments.

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.

Reference no: EM133069408

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Calculate the selling price for each bond issue

Reference no: EM133069408

Reference no: EM133069408

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