Question: Part 1 On April 1 , 2 0 2 3 , ET Inc. has available for issue $ 3 5 1 , 0 0 0

Part 1
On April 1,2023, ET Inc. has available for issue $351,000 bonds due in four years. Interest at the rate of 6.0% is to be paid quarterly. Calculate the issue price if the market interest rate is: (Do not round intermediate calculations. Round the final answers to the nearest whole dollar.)
\table[[,\table[[Market Interest],[Rate]],\table[[Issue Price of the],[Bonds]]],[a.,7%,],[b.,6%,],[c.,5%,]]
Part 2
On October 1, ET Inc. has available for issue a $311,000 bond due in eight years. Interest at the rate of 5.5% is to be paid semiannually. Calculate the issue price if the market interest rate is: (Do not round intermediate calculations. Round the final answers to 2 decimal places.)
\table[[,\table[[Market Interest],[Rate]],\table[[Issue Price of the],[Bonds]]],[a.,4.5%,],[b.,5.5%,],[c.,6.25%,]]
 Part 1 On April 1,2023, ET Inc. has available for issue

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