James Corporation is planning to issue bonds with a face value of $508,500 and a coupon rate of 6 percent. The bonds mature in 7 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 $1. PV of $1. FVA of $1. and PVA of $1) (Use the appropriate factor(s) 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 Issue price c. Case C. Market interest rate (annual). 8.5 percent. Issue price Present Value of $1 Periods 1.0% 2.0% 3.0% 3.75% 4.05 4.25% 0.99010 0.98030 0.97059 0.96098 0.95147 0.94205 0.93272 0.92348 0.91434 0.90529 Present Value of $1 Periods 1.0% 0.98039 0.96117 0.94232 0.92385 0.90573 0.88797 0.87056 0.85349 0.83676 0.82035 0.97087 0.94260 0.91514 0.88849 0.86261 0.83748 0.81309 0.78941 0.76642 0.74409 0.96386 0.92902 0.89544 0.86307 0.83188 0.80181 0.77283 0.74490 0.71797 0.69202 0.96154 0.92456 0.88900 0.85480 0.82193 0.79031 0.75992 0.73069 0.70259 0.67556 0.95923 0.92013 0.88262 0.84663 0.81212 0.77901 0.74725 0.71679 0.68757 0.65954 0.95238 0.90703 0.86384 0.82270 0.78353 0.74622 0.71068 0.67684 0.64461 0.61391 0.94340 0.89000 0.83962 0.79209 0.74726 0.70496 0.66506 0.62741 0.59190 0.55839 0.93458 0.87344 0.81630 0.76290 0.71299 0.66634 0.62275 0.58201 0.54393 0.50835 2.0% 3.0% 3.75% 5.0% 6.09 6.25% 0.89632 0.88745 0.87866 0.86996 0.86135 0.85282 0.84438 0.83602 0.82774 0.81954 0.77927 0.74192 0.80426 0.78849 0.77303 0.75788 0.74301 0.72845 0.71416 0.70016 068643 067297 0.60953 0.55207 0.72242 0.70138 0.68095 0.66112 0.64186 0.62317 0.60502 0.58739 0.57029 055368 0.47761 0.41199 0.66701 0.64290 0.61966 0.59726 0.57568 0.55487 0.53481 0.51548 0.49685 0.47889 0.39838 033140 0.64958 0.62460 0.60057 0.57748 0.55526 0.53391 0.51337 0.49363 0.47464 0.45639 0.37512 0.30832 0.63265 0.60686 0.58212 0.55839 0.53562 0.51379 0.49284 0.47275 0.45348 0.43499 0.35326 0.28689 0.58468 0.55684 0.53032 0 50507 0.48102 045811 043630 0.41552 0.39513 037689 0.29530 023138 0.52679 049697 0.46884 0.44230 0.41727 039365 0.37136 0.35034 0.33051 0:31180 027300 0.17411 0.47509 0.44401 0.41496 0.38782 0.36245 0.33873 0.31657 0.29586 0 27651 0.25842 0.18425 013137 20.00 Present Value of $1 8.09 10.05 0.80000 Period 0.86957 075614 078.315 057870 051200 09170 0.84168 077218 0.10843 087119 076947 067497 059208 051937 57175 040138 0.32763 0.92593 0.85734 0.9383 0.73503 0.68053 0 63011 058349 0.54027 0.90909 052645 0.75131 068301 062092 0 56447 0.51316 46651 to 57450 089236 0.79219 0.71178 0.63552 056733 050653 0.45235 040388 036051 090090 081162 0.73119 0.65873 059345 053454 043166 0.43393 0 19092 020972 059627 0.54103 061332 054276 043032 042506 0.37616 0.33788 013422 028428 090151 25 Present Value of Annuity of $1 Periods 1.0% 2.0% 3.75% 4.0% 4.25% 7.0% 0.99010 1.97040 2.94099 3.90197 4.85343 5.79548 6.72819 7.65168 8.56602 9.47130 0.98039 1.94156 2.88388 3.80773 4.71346 5.60143 6.47199 7.32548 8.16224 8.98259 3.0% 0.97087 1.91347 2.82861 3.71710 4.57971 5.41719 6.23028 7.01969 7.78611 8.53020 0.96386 1.89287 2.78831 3.65138 4.48326 5.28507 6.05790 6.80280 7.52077 8.21279 0.96154 1.88609 2.77509 3.62990 4.45182 5.24214 6.00205 6.73274 7.43533 8.11090 0.95923 1.87936 276198 3.60861 4.42073 5.19974 5.94699 6.66378 7.35135 801089 0.95238 1.85941 2.72325 3.54595 4.32948 5.07569 5.78637 6.46321 7.10782 7.72173 0.94340 1.83339 2.67301 3.46511 4.21236 491732 5.58238 6.20979 6.80169 7.36009 0.93458 1.80802 2.62432 3.38721 4.10020 4.76654 5.38929 597130 6.51523 7.02358 Present Value of Annuity of $1 Periods 1.05 3.05 3.759 6.09 7.88687 8.39384 10.36763 11.25508 12.13374 13.00370 13.86505 14.71787 1556225 16 39827 17.22601 18 04555 22.02316 25.80771 9.78685 10.57534 11.34837 12.10625 12.84926 13.57771 14 29187 14.99203 1567846 16. 35143 19.52346 2239646 9.25262 9.95400 10.63496 11.29507 11.93794 12.56110 13.16612 13.75351 1432380 14.87747 8.87979 9.52269 10.14236 10.73962 11.31530 11.87017 12.40498 1292046 13.41731 13.89620 16.04320 17.82925 8.76048 938507 9.98565 10.56312 11.11839 1165230 12.16567 1265930 13.13394 13.59033 15.62208 17 29203 8.64354 9.25039 9.83251 10.39090 10.92652 11.44031 11.93315 12 40590 12 85938 13.29437 15.21734 16.77902 8.30641 8.86325 9.39357 9.89864 10.37966 1083777 11.27407 1168959 1208532 12.46221 1409394 15.37245 8.85268 9.29498 9.71225 10.10590 10.47726 1082760 11.15812 11.46992 1228336 16483 7.49867 7.94269 8.35765 8.74547 9.10791 9.44665 9.76322 1005909 1033560 10 59401 11.65358 12.40904 1741315 19 60044 Present Value of Annuity of $1 304 10.01 20 0.92593 5.78326 2.57710 3.31213 399271 462288 5.20637 S4664 091743 175911 253129 323972 33365 448592 1503295 55 090909 123554 248685 13.1697 3.79079 435526 4 3642 5 22491 090090 1.21252 244371 310245 369550 23054 471220 51862 0.89286 16900 2.40183 3.03735 360B 4.1.141 458376 4 2.28323 2,85498 S216 78 083333 152718 10648 258813 99361 $32551 360459 8145 20000 144000 1.95200 2 36160 66925 1951 16042 43732