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LaTanya Corporation is planning to issue bonds with a face value of $ 1 0 5 , 0 0 0 and a coupon rate of
LaTanya Corporation is planning to issue bonds with a face value of $ and a coupon rate of percent. The bonds mature in seven years. Interest is paid annually on December All of the bonds will be sold on January of this year. FV of $ PV of $ FVA of $ and PVA of $
Note: Use appropriate factors from the tables provided.
Required:
Compute the issue sales price on January of this year for each of the following independent cases:
a Case A: Market interest rate annual: percent.
b Case B: Market interest rate annual: percent.
c Case C: Market interest rate annual: percent.
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