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E10-4 (Algo) Computing Issue Prices of Bonds Sold at Par, at a Discount, and at a Premium L010-2, 10-4, 10-5 James Corporation is planning to

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E10-4 (Algo) Computing Issue Prices of Bonds Sold at Par, at a Discount, and at a Premium L010-2, 10-4, 10-5 James Corporation is planning to Issue bonds with a face value of $501,500 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 S1, FVA 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 3 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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