James Corporation is planning to issue $500,000 worth of 6 percent bonds that mature in 10 years. Interest payments are made each June 30 and December 31. All of the bonds will be sold on January 1, 2014. (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use the appropriate factor(s) from the tables provided.)

Required:

Compute the issue (sale) price on January 1, 2014, for each of the following independent cases:

a.	Case A: Market (yield) rate, 4 percent.

b.	Case B: Market (yield) rate, 6 percent.

c.	Case C: Market (yield) rate, 8.5 percent.