Question: Round your answer to the nearest whole dollar and enter the value with numbers and a comma. Do not enter a dollar sign, decimals, or

Round your answer to the nearest whole dollar and enter the value with numbers and a comma. Do not enter a dollar sign, decimals, or omit the comma or your answer will be counted as incorrect.

a. ABC Co. issues $100,000, 4%, 10 year bonds when the prevailing market rate of interest is 5%. The bonds pay interest annually. Compute the issue price of the bonds.

b. ABC Co. issues $100,000, 4%, 10 year bonds when the prevailing market rate of interest is 5%. The bonds pay interest semi-annually. Compute the issue price of the bonds.

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