E$10-3($Algo$)$ Computing Issue Prices of Bonds Sold at Par, at a Discount, and at a Premium LO$10-2,10-4,$

$10-5$

LaTanya Corporation is planning to issue bonds with a face value of $$107,000$ and a coupon rate of $6$ percent. The bonds mature in

seven years. Interest is paid annually on 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)$

Note: Use appropriate factor$($s$)$ from the tables provided.

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$)$: $6$ percent.

b$.$ Case B: Market interest rate $($annual$)$: $4$ percent.

c$.$ Case C: Market interest rate $($annual$)$: $7$ percent.

Answer is complete but not entirely correct.

Complete this question by entering your answers in the tabs below.

Required b

Compute the issue $($sales$)$ price on January $1$ of this year for the following independent case: Case A: Market interest rate

$($annual$)$: $6$ percent. $($Round your intermediate calculations and final answer to whole dollars.$)$ Please do required A$,$ B$,$ and C$.$ I got all my calculations wrong