Problem: Issue Price
The following terms relate to independent bond issues:
1. 590 bonds; $1,000 face value; 8% stated rate; 5 years; annual interest payments
2. 590 bonds; $1,000 face value; 8% stated rate; 5 years; semiannual interest payments
3. 760 bonds; $1,000 face value; 8% stated rate; 10 years; semiannual interest payments
4. 2,200 bonds; $500 face value; 12% stated rate; 15 years; semiannual interest payments
Assuming the market rate of interest is 10%, calculate the selling price for each bond issue. If required, round your intermediate calculations and final answers to the nearest dollar.