Question: Using the answer space below, calculate the selling price for each of the following bonds: SHOW CALCULATIONS (a) 5% bonds with a par value of
Using the answer space below, calculate the selling price for each of the following bonds: SHOW CALCULATIONS
| (a) | 5% bonds with a par value of $100,000 due in 5 years, paying interest on January 1 and July 1 each year, issued at par. |
| (b) | Bonds with face value of $500,000, due in 10 years, paying 7% interest semi-annually, issued at par. |
| (c) | Bonds with a face value of $1,000,000 and a coupon rate of 10%, issued to yield 12%, due in 10 years, paying interest semi-annually. |
| (d) | 8% bonds with a par value of $5,000,000 due in 5 years, paying interest on January 1 and July 1 each year, issued to yield 6% |
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