(Answered) Appendix-calculate issuance pricesuppose that a company

Accounting

Appendix-Calculate Issuance Price

Suppose that a company issues the following bonds at different times. Interest on the bonds is paid annually.

$80,000 of 6%, 10-year bonds when themarket rate of interestis 7%
$60,000 of 8%, 6-year bonds when the market rate of interest is 6%
$120,000 of 10%, 5-year bonds when the market rate of interest is 8%

Required:

Calculate the issuance price for each bond.

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