Determining the Approximate Value for a Bond. To solve the problem below, use the present value of a bond calculator at https://www.thecalculator.co/finance/Bond-Price-Calculator-606.html. 

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Table Summary: The cells under "Dollar amount of interest for the existing bond" are blank and the cells under "approximate market value" are all blank. Interest Rate for Comparable Bond Interest Rate When Issued Years to Frequency Maturity of Payments 5% 4.1% 8 3.2% 6 10 Semiannual 4% Annual 5% Semiannual 4% Approximate Present Value