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James Corporation is planning to issue bonds with a face value of $503,500 and a coupon rate of 6 percent. The bonds mature in 15

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James Corporation is planning to issue bonds with a face value of $503,500 and a coupon rate of 6 percent. The bonds mature in 15 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 St. PV of $1. EVA O S1, and PVA of $ 1) (Use the appropriate factor(e) 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 b. Case B: Market interest rate (annual): 6 percent

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