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LaTanya Corporation is planning to issue bonds with a face value of $100.000 and a coupon rate of 8 percent. The bonds mature in seven

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LaTanya Corporation is planning to issue bonds with a face value of $100.000 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. EVA of 51, and PVA of $1 (Use the appropriate factor(s) from the tables provided. Round your final answers to whole dollars.) 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. Issue price ances b. Case B: Market interest rate (annual): 6 percent. Issue price

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