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Can you explain how to do it with the values in the calculator? I got 424253 for case C and 589836 for A, why are
Can you explain how to do it with the values in the calculator? I got 424253 for case C and 589836 for A, why are they wrong?
Checl 2 10-5 5 points James Corporation is planning to issue bonds with a face value of $507,500 and a coupon rate of 6 percent. The bonds mature in 10 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 answer to whole dollars.) eBook Required: Compute the issue (sales) price on January 1 of this year for each of the following independent cases: Print a. Case A: Market interest rate (annual): 4 percent. References Issue price $ 690,662 b. Case B: Market interest rate (annual): 6 percent. Issue price $ 507,500 c. Case C: Market interest rate (annual): 8.5 percent
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