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E10-3 (Algo) Computing Issue Prices of Bonds Sold at Par, at a Discount, and at...

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E10-3 (Algo) Computing Issue Prices of Bonds Sold at Par, at a Discount, and at a Prmeium LO10-2, 10-4
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E10-3 (Algo) Computing Issue Prices of Bonds Sold at Par, at a Discount, and at a Premium LO10-2, 10-4, 10-5 Lalanya Corporation is planning to issue bonds with a face value of $100,500 and a coupon rate of 7 percent. The bonds mature in seven years. Interest is paid annually on December 31 . All of the bonds will be sold on January 1 of this year. (FV of S1. PV of \$1. FVA of 51. and PVA of \$1) Note: Use appropriate factor(s) from the tables provided. Required: Compute the issue (sales) price on January 1 of this year for each of the following independent cases. a Cose A. Market interest rate (annual) 7 percent. b Case B. Market interest rate (annual) 5 percent c Case C Market interest rate (annual) 8 percent. Complete this question by entering your answers in the tabs below. Compute the issue (sales) price on lanuary 1 of this year for the following independent case: Case A: Market interest rate

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