Thompson Corporation is planning to issue $120,000, five-year, 6 percent bonds. Interest is payable semi-annually each June 30 and December 31. All of the bonds will be sold on July 1, 2017; they mature on June 30, 2022. Use Table 9C.1, Table 9C.2

Required:

Compute the issue (sale) price on July 1, 2017, if the yield is: (Round time value factor to 4 decimal places. Round the final answers to the nearest dollar amount.)

		Issue price
a)	6 percent	$
b)	2 percent	$
c)	7 percent	$