EC$-6($Algo$)$ Computing Bond Issue Proceeds and Issue Price $($All Methods$)$

Your company plans to issue bonds later in the upcoming year. But with the economic uncertainty and varied interest rates, it is not clear how much money the company will receive when the bonds are issued. The company is committed to issuing $2,300$ bonds, each of which will have a face value of $$1,000,$ a stated interest rate of $9$ percent paid annually, and a period to maturity of $10$ years. You may use any approach $($tables$,$ Excel, or financial calculator app$)$ to calculate the bond proceeds; if you use the tables, choose the appropriate factors from the following link$($s$)$: $($Future Value of $$1,$ Present Value of $$1,$ Future Value Annuity of $$1,$ Present Value Annuity of $$1,$ Financial Calculator$)$

Required:

Compute the bond issue proceeds assuming a market interest rate of $9$ percent. Also, express the bond issue price as a percentage by comparing the total proceeds to the total face value.

Compute the bond issue proceeds assuming a market interest rate of $8$ percent. Also, express the bond issue price as a percentage by comparing the total proceeds to the total face value.

Compute the bond issue proceeds assuming a market interest rate of $10$ percent. Also, express the bond issue price as a percentage by comparing the total proceeds to the total face value.