Complete the below table to calculate the price of a 1.7 million bond issue under each of the following independent assumptions:
Use appropriate factors from tables.
1. Maturity 12 years, interest paid annually, stated rate 10%, effective (market) rate 12%
2. Maturity 20 years, interest paid semiannually, stated rate 10%, effective (market) rate 12%
3. Maturity 10 years, interest paid semiannually, stated rate 12%, effective (market) rate 10%
4. Maturity 20 years, interest paid semiannually, stated rate 12%, effective (market) rate 10%
5. Maturity 20 years, interest paid semiannually, stated rate 12%, effective (market) rate 12%
Chart: n= i= Cash flow Amount Present Value Interest: Principal: Price of Bonds: