Question: answer 1-4 Use the following to answer questions 1 - 3 (Round answers to the nearest dollar) I Corp issues 5%, 10-year bonds with a

answer 1-4

Use the following to answer questions 1 - 3 (Round answers to the nearest dollar) I Corp issues 5%, 10-year bonds with a total face amount of $1,000,000. The market interest rate for bonds of similar risk and maturity is 4.6%. Interest is paid semiannually. DO NOT ROUND YOUR ANSWERS UNTIL YOU FULLY COMPLETE THE PROBLEM SET. 1. $ _How much will be paid in interest each interest payment? 2. $ (rounded to nearest dollar). What is the present value of the interest payments? 3. $ (rounded to nearest dollar). What is the issue price of the bond? Use the following to answer questions 4 - 7 (Round answers to the nearest dollar) R Corp issues 4.4%, 10-year bonds with a total face amount of $1,000,000. The market interest rate for bonds of similar risk and maturity is 4.5%. Interest is paid annually. DO NOT ROUND YOUR ANSWERS UNTIL YOU FULLY COMPLETE THE PROBLEM SET (input your answers after you've completed the entire problem). (rounded to nearest dollar). What is the issue 4. $ price of the bond

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