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Kalani Corporation is planning to issue bonds with a face value of $506,000 and a coupon rate of 6 percent. The bonds mature in 10

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Kalani Corporation is planning to issue bonds with a face value of $506,000 and a coupon rate of 6 percent. The bonds mature in 10 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) 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 (annual): 6 percent. c. Case C. Market interest rate (annual): 8.5 percent. (8) Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Compute the issue (sales) price on January 1 of this year for the following independent case: Case A: Market interest rate (annual): 4 percent. (Round your intermediate calculations and final answer to whole dollars.)

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