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Homework answers / question archive / James Corporation is planning to issue bonds with a face value of $504,000 and a coupon rate of 6 percent

James Corporation is planning to issue bonds with a face value of $504,000 and a coupon rate of 6 percent

Accounting

James Corporation is planning to issue bonds with a face value of $504,000 and a coupon rate of 6 percent. The bonds mature in ? years and pay interest semiannually every June 30 and December 31. All of the bonds will be sold on January of this yeux ! PV of $1. EVA of $1. and PVA of $1) (Use the appropriate factor(s) from the tables provided. Round your final answer to whole dollars.) HE 38.14 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): 4 percent Issue price b. Case B: Market interest rate (annual): 6 percent. Issue price c. Case C: Market interest rate (annual): 8.5 percent Issue price Next > 23 of 26 !!

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