Complete the below table to calculate the price of a $1.1 million bond issue und

Question

Complete the below table to calculate the price of a $1.1 million bond issue under each of the following independent assumptions (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of S1) (Use appropriate factor(s) from the tables provided. Enter your answers in whole dollars.): Maturity 11 years, interest paid annually, stated rate 10%, effective (market) rate 12% Table values are based on: Cash Flow Interest Principal Present Value Price of bonds Maturity 9 years, interest paid semiannually stated rate 10%, effective (market) rate 12% Table values are based on: Cash Flow Present Value Interest Price of bonds Maturity 5 years, interest paid semiannually, stated rate 12%, effective (market) rate 10% Table values are based on: Cash Flow Present Value Interest Price of bonds 4. Maturity 10 years, interest paid semiannually, stated rate 12%, effective (market) rate 10% Table values are based on: Cash Flow Interest Principal Present Value Price of bonds Maturity 10 years, interest paid semiannually, stated rate 12%, effective (market) rate 12% Table values are based on: Cash Flow Interest Principal Present Value Price of bonds

Explanation / Answer

Bond Issue tables are as prepared below:

1.

2.

3.

4.

5.

Table value are based on: n=22 i= 6% Cash Flow Table Value Amount Present Value Par (maturity value) 0.27751 1,100,000 305,256 Interest (annuity) 12.04158 55,000 662,287 967,543

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