(Solved): Please Correct Determine the price of a $1.8 million bond issue under each of the following indepen ...

Please Correct

Determine the price of a $1.8 million bond issue under each of the following independent assumptions: 1. Maturity 15 years, interest paid annually, stated rate 10%, effective (market) rate 12%. 2. Maturity 15 years, interest paid semiannually, stated rate 10%, effective (market) rate 12%. 3. Maturity 15 years, interest paid semiannually, stated rate 12%, effective (market) rate 10%. 4. Maturity 10 years, interest paid semiannually, stated rate 10%, effective (market) rate 8%. 5. Maturity 10 years, interest paid semiannually, stated rate 12%, effective (market) rate 12%. Note: Use tables, Excel, or a financial calculator. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1.) Complete this question by entering your answers in the tabs below. Required 1 Required 2 X Answer is complete but not entirely correct. Price of bonds Required 3 $ 1,995,077 Required 4 Maturity 15 years, interest paid semiannually, stated rate 12%, effective (market) rate 10%. Note: Round your answer to the nearest whole dollar. Required 5 < Required 2 Required 4 >