LaTanya Corporation is planning to issue bonds with a face value of $107,500 and a coupon rate of 8 percent. The bonds mature in seven years. Interest is paid annually on 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): 8 percent.

Compute the issue (sales) price on January 1 of this year for the following independent case: Case A: Market interest rate (annual): 8 percent. (Round your intermediate calculations and final answer to whole dollars.)

Issue price

$.

b) Case B: Market interest rate (annual): 6 percent.

Compute the issue (sales) price on January 1 of this year for the following independent case: Case B: Market interest rate (annual): 6 percent. (Round your intermediate calculations and final answer to whole dollars.

Issue price

$.

c) Case C: Market interest rate (annual): 9 percent.

Compute the issue (sales) price on January 1 of this year for the following independent case: Case C: Market interest rate (annual): 9 percent. (Round your intermediate calculations and final answer to whole dollars.)

Issue price

$.