James Corporation is planning to issue $517,000 worth of 8 percent bonds that mature in 4 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, andPVA 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, 6 percent.

b.	Case B:Market (yield) rate, 8 percent.

c.	Case C:Market (yield) rate, 10 percent.