Question: 14-5A Calculating the issue price using business calculator PV function LO4 Part 1 On April 1, 2020, ET Inc. has available for issue $509,000 bonds
14-5A Calculating the issue price using business calculator PV function LO4 Part 1 On April 1, 2020, ET Inc. has available for issue $509,000 bonds due in four years. Interest at the rate of 5.0% is to be paid quarterly. Calculate the issue price if the market interest rate is: (Do not round intermediate calculations. Round the final answers to the nearest whole dollar.) Market Interest Issue Price of the Rate a. 6% b. 5% C. 4% Bonds Part 2 On October 1, ET Inc. has available for issue a $373,000 bond due in eight years. Interest at the rate of 6.0% is to be paid semiannually. incum orice if the market interest rate is: (Do not round intermediate calculations. Round the final answers to 2 decimal Part 2 On October 1, ET Inc. has available for issue a $373,000 bond due in eight years. Interest at the rate of 6.0% is to be paid semiannually. Calculate the issue price if the market interest rate is: (Do not round intermediate calculations. Round the final answers to 2 decimal places.) Market Interest Issue Price of the Rate 5% Bonds a. b 0% C. 6.75%
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