Please complete parts B and C Rosh Corporation is planning to issue bonds with...
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Accounting
Please complete parts B and C
Rosh Corporation is planning to issue bonds with a face value of $850,000 and a coupon rate of 10 percent. The bonds mature in four 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 $1 PV of $1, FVA of $1, and PVA of $1) (Use the appropriate factor(s) from the tables provided. Round your final answers to nearest whole dollar amount.) Required: Compute the issue (sales) price on January 1 of this year for each of the following independent cases: a. Case A: Market interest rate: 10 percent. 850,000 Issue price $ b. Case B: Market interest rate: 8 percent Issue price c. Case C: Market interest rate: 12 percent. Issue price
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