The following terms relate to independent bond issues: 460 bonds; $1,000 face value; 8% stated rate; 5 years; annual interest payments 460 bonds; $1,000 face value; 8% stated rate; 5 years; semiannual...



The following terms relate to independent bond issues:



  1. 460 bonds; $1,000 face value; 8% stated rate; 5 years; annual interest payments

  2. 460 bonds; $1,000 face value; 8% stated rate; 5 years; semiannual interest payments

  3. 890 bonds; $1,000 face value; 8% stated rate; 10 years; semiannual interest payments

  4. 1,960 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.$
b.$
c.$
d.$


I only need help with D.




Jun 10, 2022
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