Case C: James Corporation is planning to issue $1,060,000 worth of bonds with a coupon rate of 5 percent. The bonds mature in 10 years and pay interest annually. All of the bonds were sold on January 1 of this year. Required: 1. Assume market (yield) rate, 5 percent. Compute the issue (sale) price on January 1 of this year. 2. Assume market (yield) rate, 4 percent. Compute the issue (sale) price on January 1 of this year. 3. Assume market (yield) rate, 6 percent. Compute the issue (sale) price on January 1 of this year. Issue price Issue price Issue price 3