P$10-4($Algo$)$ Computing Issue Prices of Bonds Sold at Par, at a Discount, and at a Premium L$010-2,$

$10-4,10-5$

Rosh Corporation is planning to issue bonds with a face value of $$750,000$ and a coupon rate of $8$ percent. The bonds mature in

four years and pay interest semiannually every June $30$ and 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. Round your intermediate calculations and final answers to nearest

whole dollar amount.

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$)$: $8$ percent.

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

Case C: Market interest rate $($annual$)$: $10$ percent.