James Corporation is planning to issue bonds with a face value of exist508,000 and a...
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James Corporation is planning to issue bonds with a face value of exist508,000 and a coupon rate of 6 percent. The bonds mature in 15 years and pay interest semiannually every June 30 and December 31. All of the bonds will be sold on January 1 of this year. (FV of exist1. PV of exist1. FVA of exist1. and PVA of exist1) (Use the appropriate factor(s) from the tables provided. Round your final answer to whole dollars.) Compute the issue (sale) price on January 1 of this year for each of the following independent cases: a. Case A: Market interest rate (annual): 4 percent. issue price b. Case B: Market interest rate (annual): 6 percent. Issue price c. Case C: Market interest rate (annual): 8.5 percent. Issue price
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