Terms relate to independent bond issues

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Reference no: EM13986570

The following terms relate to independent bond issues:

a. 500 bonds; $1,000 face value; 8% stated rate; 5 years; annual interest payments

b. 500 bonds; $1,000 face value; 8% stated rate; 5 years; semiannual interest payments

c. 800 bonds; $1,000 face value; 8% stated rate; 10 years; semiannual interest payments

d. 2,000 bonds; $500 face value; 12% stated rate; 15 years; semiannual interest payments

Required

Assuming the market rate of interest is 10%, calculate the selling price for each bond issue.

Reference no: EM13986570

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