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LaTanya Corporation is planning to issue bonds with a face value of $ 1 1 0 , 0 0 0 and a coupon rate of

LaTanya Corporation is planning to issue bonds with a face value of $110,000 and a coupon rate of 6 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:
Case A: Market interest rate (annual): 6 percent.
Case B: Market interest rate (annual): 4 percent.
Case C: Market interest rate (annual): 7 percent.

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