Question: The following table shows three cases, each with one missing element. Required: Use the bond calculator at www.fncalculator.com to determine the missing element for each

The following table shows three cases, each with one missing element.

Required:
Use the bond calculator at www.fncalculator.com to determine the missing element for each case. Assume simple annual compounding and round amounts to the nearest dollar or whole percentage.

Case a Case b Case c Total face value Total bond proceeds Stated interest rate Market interest rate yield Bond term tyears) $500,000 $400,000 300.000 320,033 463,200 5% 5% 15 4% 10

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