Question: I NEED HELP WITH THE FOLLOWING a. and b. - Abbington Inc. issues $140,000 of 9% bonds that pay interest semiannually and mature in 10

I NEED HELP WITH THE FOLLOWING a. and b. -

Abbington Inc. issues $140,000 of 9% bonds that pay interest semiannually and mature in 10 years. Compute the bond issue price assuming that the prevailing market rate of interest is:

Note: Round your answer to the nearest whole dollar.

a.8% per year compounded semiannually.____________

b.10% per year compounded semiannually.____________

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