Exercise $14-2($Algo$)$ Determine the price of bonds in various situations $[$LO$14-2]$

Determine the price of a $$1\mathrm{.}4$ million bond issue under each of the following independent assumptions:

Maturity $10$ years, interest paid annually, stated rate $5\%,$ effective $($market$)$ rate $7\%.$

Maturity $10$ years, interest paid semiannually, stated rate $5\%,$ effective $($market$)$ rate $7\%.$

Maturity $10$ years, interest paid semiannually, stated rate $7\%,$ effective $($market$)$ rate $5\%.$

Maturity $20$ years, interest paid semiannually, stated rate $7\%,$ effective $($market$)$ rate $5\%.$

Maturity $20$ years, interest paid semiannually, stated rate $7\%,$ effective $($market$)$ rate $7\%.$