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LaTanya Corporation is planning to issue $110, 000, ten-year, 9percent bonds. Interest is payable each December 31. All of the bonds will be sold on
LaTanya Corporation is planning to issue $110, 000, ten-year, 9percent bonds. Interest is payable each December 31. All of the bonds will be sold on January 1, 2014. (FV of $1, PV of $1. FVA of $1. and PVA of $1) (Use the appropriate factor(s) from the tables provided.) Required: Compute the issue (sale) price on January 1, 2014, for each of the following independent cases: Case A: Market (yield) rate, 9 percent. Case B: Market (yield) rate, 7 percent Case C: Market (yield) rate, 11 percent. 2.) James Corporation is planning to issue $515, 000 worth of 8 percent bonds that mature in 3 years. Interest payments are made each June 30 and December 31. All of the bonds will be sold on January 1, 2014. (FV of $1. PV of $1. FVA of$1. and PVA of$1) (Use the appropriate factor(s)from the tables provided.) Case A: Market (yield) rate, 6 percent. Case B: Market (yield) rate, 8 percent Case C: Market (yield) rate, 10 percent G MAC Corporation issued a $108, 000 bond that matures in ten years. The bond has a stated interest rate of 8 percent. On January 1, 2014, when the bond was issued, the market rate was 10 percent. The bond pays interest twice per year, on June 30 and December 31. (FV of $1. PV of $1. FVA of $1. and PVA of $1) (Use the appropriate factor(s)from the tables provided.) At what price was the bond issued
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