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Rosh Corporation is planning to issue bonds with a face value of $ 8 0 0 , 0 0 0 and a coupon rate of

Rosh Corporation is planning to issue bonds with a face value of $800,000 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:
a. Case A: Market interest rate (annual): 8 percent.
b. Case B: Market interest rate (annual): 6 percent.
c. Case C: Market interest rate (annual): 10 percent.
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