Calculate the market price of a bond.( 5 points)
on january 1, 2020 lance co. issued five-year bonds with a face value of $1,000,000 and a stated interest rate of 12% payable semiannually on july 1 and january 1. the bonds were sold to yield 10%. present value table factors are:
present value of 1 for 5 periods at 10% .62092
present value of 1 for 5 periods at 12% .56743
present value of 1 for 10 periods at 5% .61391
present value of 1 for 10 periods at 6% .55839
present value of an ordinary annuity of 1 for 5 periods at 10% 3.79079
present value of an ordinary annuity of 1 for 5 periods at 12% 3.60478
present value of an ordinary annuity of 1 for 10 periods at 5% 7.72173
present value of an ordinary annuity of 1 for 10 periods at 6% 7.36009
calculate the issue price of the bonds.

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know

answer(b) equal; set period;