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Rosh Corporation is planning to issue bonds with a face value of S810,000 and a coupon rate of 8 peroent. The bands mature in four
Rosh Corporation is planning to issue bonds with a face value of S810,000 and a coupon rate of 8 peroent. The bands 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 S1, PV of $1, FVA of $1, and PVA of $1) (Use the appropriate factor(s) from the tables provided. Round your final answers to whole dollars.) Required Compute the issue (sale) 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 Issue c. Case C: Market interest rate (annual) 10 percent
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