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Kalani Corporation is planning to issue bonds with a face value of $505,500 and a coupon rate of 6 percent. The bonds mature in 7

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Kalani Corporation is planning to issue bonds with a face value of $505,500 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. (EV of 51 . PV of \$1. EVA of S1. and PVA of Si] Note: Use appropriate factor(s) from the tables provided. 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 b. Case B. Market interest rate (annualj 6 percent c. Case C: Market interest rate (annual): 8.5 percent

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