Computing Issue Prices of Bonds Sold at Par, at a Discount, and at a Premium Kalani Corporation is planning to issue bonds with a face value of $500,000 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. Required: Compute the issue (sales) price on January 1 of this year for each of the ollowing independent cases (show computations): Case A: Market interest rate (annual): 4 percent. Case B: Market interest rate (annual): 6 percent. Case C: Market interest rate (annual): 8.5 percent.