Rosh Corporation is planning to issue bonds with a face value of $820,000 and a coupon rate of 6 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) (Use the appropriate factor(s) from the tables provided. Round your 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: 6 percent. Issue price $ 820,000 b. Case B: Market interest rate: 4 percent. Issue price c. Case C: Market interest rate: 8 percent. Issue price
