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Check James Corporation is planning to issue bonds with a luce value of $506,000 and a coupon rate of 6 percentne bonds ma years and
Check James Corporation is planning to issue bonds with a luce value of $506,000 and a coupon rate of 6 percentne bonds ma years and pay interest semiannually every June 30 and December 31. All of the bonds will be sold on January 1 of this year. V of $1 PV of $1. EVA of $1. and PVA of $1) (Use the appropriate factor(s) from the tables provided. Round your final answer to whole dollars.) 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 (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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