James Corporation is planning to issue bonds with a face value of $501,000 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 S1, 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 (sale) price on January 1 of this year for each of the following independent cases: a. Case A: Market interest rate (annual): 4 percent. b. Case B: Market interest rate (annual): 6 percent. c. Case C: Market interest rate (annual): 8.5 percent. sue price 71425 3119717 38965 85 9 8 5 3 6 8 9 53 68 43 6 5 72 2-1. I 1 2 3 3 4 5 7 9 14 8. 2. 28 35 44 55 69 288284 391877 1310413 2-1112223456 2223345 62286 39 591 06 62 26 45 77 63101 65337225 86998069 445678902462 2 7 1545679926 4392 00112233 7789012284 47 4 9 6 4 45 86 2 1 5 2 3 08 2 42 09 4 90 3 901521 1-1. 1 1 1 1 2 2 2 3 3 3 4 4 5 6 779011 3714537 34729 2658499 333445567832 777236 971531186 2 0051 56 012 59 195 spa 2 3 27 9 2 7 4 2 1 2 3 54237 97142 57721 4455 233344556607 00382046963 874361 51935 72974220 311372 1357914 -me 1234567890123456789 20 25 30 eri 1 2 3 4 5 6 7 8 9 0123456789 20 25 30 16253761257 % 42727 17723 28885211384 322111 7-988 33 44 70 25 88 90 08 57 85 59 6 6 9 9 09 07 56 30 08 48 21 0-348214 14237 0 8654 5554444 8 654433 1: 1-0. 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0. 0. 0. 0. 0. 0. 71090 7188 5693 9 07 69 36 07 82 59 40 22 07 1 0 0 0 0 0 0 0 0 0 0 0. 0 0 0 0 0 0 0 0 0 0 0 92 88 8 8 7 7 7 68 65 63 60 5 5 5 19753 54444 3 5 3 54 56 00 80 939 69 59 56 58 60 57 4 2 9 3 63 64 39 12 32 753334 54443 3 97 02 01 90 66 26 68 8 8 8 8 8 38 40 80 77 47 69 66 64 61 59 57 5 865327 876554433 1-00 0. 0 0 0 0 0 0 0 0 0 0 0 0 0 0. 0 0 0 0 0 52672 5544 51127610 1-00000 0. 0. 0. 0 0 0 0 0 0 0 0. 0 0 0 0. 0 15663737 3883373731 17 41 72 08 49 96 47 01 60 22 87 55 26 99 4 5 3 1 94 78 15 75 9877 52824 3456789 123456789012 123456789 10 1 2 3 4 5 6 7 8 9 20 25 30 Future Value of Annuity of $1 312931 4.12161 4.37462 5.10101 5.75074 6.67480 6.80191 6.97532 7.95848 8.65402 13255 10.47503 11.86784 8.28567 8.58297 8.89234 9.89747 11.49132 13.18079 0.15911 11.02656 2.57789 14.20679 15.91713 17.71298 19.59863 10 12.00611 13.81645 13.66244 12 14.19203 17.88845 13.80933 14.94742 16.36757 17.98135 19.65565 21.39274 23.19497 16.62684 17.08632 18.60879 17.29342 20.02359 21.82453 23.69751 23.27597 25.67253 25.12902 7.25786 18.43044 23.65749 25.84037 28.13238 16 20.15688 20.01207 18 27.67123 29.77808 1.64591 6.08494 28.35732 24.29737 32.03030 33.06595 47.72710 66.43885 0.99549 20 25 28.24320 3478489 26.87037 36.45926 47.57542 43.07648 4.86451 9.05819 53.79924 94.46079 .34210 11.25879 9.48717 110.40466 0.73049 1.85943 2.299692.75726 13.23276 16.08535 19.33730 1.06680 2.91590 3.72682 6.49908 6.78584 20.79890 20.30372 24.34928 32.15042 29.00167 39.58050 5.07349 25.80232 2.56613 10.63663 13.02104 5.19293 17.56029 14.16397 4.48656 16.64549 18.97713 7.54874 20.65458 21.81432 4.13313 25.65018 28.02911 32.39260 34.88271 7.2797 40.41746 42.75328 46.67173 48.88367 53.73906 55.74971 63.43968 70.74941 2.05244 80.94683 15.93742 25.95868 9.56143 22.71319 12 27.27075 54.20766 29.98470 24.52271 27.97498 07 40.50471 59.19592 86.94947 47.58041 72.03511 109.68684 5.71747 87.44213 138.10855 24.21492 0.09492 37.58107 3.84241 50.98035 26.01919 35.94973 40.54470 5.59917 16 65.07509 105.93056 173.6 33.75023 37.45024 36.97370 61.72514 75.83636 128.11667 218.04460 88.21181 154.74000 273.55576 91.02493 02.44358 186.68800 342.94470 98.34706 114.41331133.33387 155.61956 181.87083212.79302 471.98108 1054.79118 36.30754 64.49402 99.02088 241.33268 293.19922 356.78685 434.74515 1181.881573227.17427 18 68.39407 56.93949 64.20283 25 113.28321 7957152 80 6 3 1 6 3 9 5 2 4 9 5 4046 05 33 59 65 40 O. 1 2 3 4 4 5 5 6 7 7 7 8 8. 9 900012 567788 883-19677 5272 714647 801345667788899 71481477 223334 71386822 7367335 3287 2935 5|8628371470 .3 1 012233444 5. 5 5 5 5 5 5 6 6 6 6 6 6 0. 1 2 3 4 5 5 7 7 8 8 9 9 00112245 2733 368134 5 7623388 38 46 2 4676 1234568 6666667 0573517 1142567 1 0122334455556666666777 7642 1 2 3 4 5 6 6 7 8 8 9 9 0 1 1 2 2 3 3 57 207576 378448 3 392217146645 6914689123480 9 771019891 9457962327 969815126 741738371481 1-0. 1 2 3 3 4 4 5 5 6 6 6 7 7 7 7 8 8363 61736366 3 98 9 8 8 7 60 4 2 6 8 8 5 4 1 8 5 99 0123345556677788888990 2 4057571561 0123456789012334567 3 3491113847 1234567890123456789 "i | 1 23456789 10 1 2 3 4 5 6 7 8 9 20 25 30
