Question: Exercise 9-90 (Algorithmic) (Appendix 9A) Calculating Bond Issue Price On January 1, 2020, University Theatres issued 5526,000 face value of bonds. The stated rate is

Exercise 9-90 (Algorithmic) (Appendix 9A) Calculating Bond Issue Price On January 1, 2020, University Theatres issued 5526,000 face value of bonds. The stated rate is 8%, and interest is paid semiannually on June 30 and December 31. The bonds mature in 15 years Do not round interim calculations. I required, round your answers to the nearest whole dollar Tofon the format shown in present value tables as you complete the requirements lielow Required: a. Assuming the market rate of interest is calculate at what price the bondiore issued. 539,096 X b. Assuming the market rate of interest in 10%, calculate at what price the bonds are sued 660,602 X

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