0 Question 10 (10 points) On January 2, 20x1, Wine Corporation wishes to issue $6,000,000 (par value) of its 8%, 10-year bonds. The bonds pay interest annually on January 1. The current yield rate on such bonds is 10%. Using the interest factors below, compute the amount that Wine will realize from the sale (issuance) of the bonds. Present value of 1 at 8% for 10 periods 0.4632 Present value of 1 at 10% for 10 periods 0.3855 Present value of an ordinary annuity at 6.7101 8% for 10 periods Present value of an ordinary annuity at 10% for 10 periods 6.1446 O... but V ure it TL thi $5,262,408 $6.636,156 65,000,036 $6,000,000 o Previous Page Next Page Page 10 of 10