Question: value: 5.00 points Hartford Research issues bonds dated January 1, 2015, that pay interest semiannually on June 30 and December 31, The bonds have a
value: 5.00 points Hartford Research issues bonds dated January 1, 2015, that pay interest semiannually on June 30 and December 31, The bonds have a $36,000 par value and an annual contract rate of 12%, and they mature in 10 years. (Table B.1. provided. Round all table values to 4 decimal places, and use the rounded table values in calculations.) Table B.3, and Table B.4) (Use appropriate factor(s) from the tables Required: Consider each of the following three separate situations. I. The market rate at the date of issuance is 10%. (a) Complete the below table to determine the bonds' issue price on January 1, 2015. Table values are based on: Present Value Table ValueAmount Cash Flow Par (maturity) value Interest (annuity) Price of bonds
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