Compute the market value of each of the bond issues

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Reference no: EM13749721

Compute the market value of each of the following bond issues

1. 10% bonds of $1,000,000 sold on bond issue date; 10-year life; interest payable semiannually; effective rate, 12%.

2. 9% bonds of $200,000 sold on bond issue date; 5-year life; interest payable semiannually; effective rate, 8%.

3. 8% bonds of $150,000 sold 30 months after bond issue date; 15-year life; interest payable semiannually; effective rate, 10%.

Reference no: EM13749721

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