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James Corporation is planning to issue bonds with a face value of $506,500 and a coupon rate of 6 percent. The bonds mature in 15
James Corporation is planning to issue bonds with a face value of $506,500 and a coupon rate of 6 percent. The bonds mature in 15 years and pay interest semiannually every June 3D and December 31. All of the bonds will be sold on January 1 of this yoar y f S1, Py of $1, FVA of S1 and PVA of$1) (Use the appropriate factor(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 folkowing independent cases: a. Case A: Market interest rate (annual: 4 percent. b. Case B: Market interest rate (annualy: E percent. S 508,500 c. Case C: Market interest rate (annual: 8.5 percent
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