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James Corporation is planning to issue bonds with a face value of 5501.00 and a coupon rate of 6 percent. The bonds mature in 7
James Corporation is planning to issue bonds with a face value of 5501.00 and a coupon rate of 6 percent. The bonds mature in 7 years and pay interest semiannually every June 30 and December 31.Allof the bonds will be sold on January 1 of this year. (Use the appropriate factors(s) from the tables provided. Round your final answer to whole dollars.) Required: Compute the issue (sale price on January 1 of this year for each of the following independent cases (Case A: Market interest rate(annual): 4 percent. B. Case B: Market rate (annual): 6 percent c. Case C: Market interest rate (annual):8.5 percent
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