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Thompson Corporation is planning to issue $280,000, five-year, 5 percent bonds. Interest is payable semi- annually each June 30 and December 31. All of the

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Thompson Corporation is planning to issue $280,000, five-year, 5 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 $ 280,000 (a) 5 percent (b) 2 percent (c) 6 percent

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