Issue Price The following terms relate to independent bond issues: 430 bonds; $1,000 face value; 8% stated rate; 5 years; annual interest payments 430 bonds; $1,000 face value; 8% stated rate; 5 years; semiannual interest payments 810 bonds; $1,000 face value; 8% stated rate; 10 years; semiannual interest payments 2,110 bonds; $500 face value; 12% stated rate; 15 years; semiannual interest payments Use the appropriate present value table: PV of $1 and PV of Annuity of $1 Required: Assuming the market rate of interest is 10%, calculate the selling price for each bond issue. If required, round your intermediate calculations and final answers to the nearest dollar. Situation Selling Price of the Bond Issue a. $ 130,403 b. $ 810,000
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