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0.404 Onlar 1.2020, Shuthield Corp. issued eight year bonds with a face value of $6650000 and a stated interest rate of 10% mayable semiannually on

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0.404 Onlar 1.2020, Shuthield Corp. issued eight year bonds with a face value of $6650000 and a stated interest rate of 10% mayable semiannually on hane 30 and December 31. The bonds were sold to yield 12%. Table values Present value of 1 for 8 periods at 10% 0.467 Present value of 1 for 8 periods at 12% Present value of 1 for 16 periods at 5% 0458 Present value of 1 for 16 periods at 6% 0.294 Present value of annuity for a periods at 10% Present value of annuity for 8 periods at 12% Present value of annuity for 16 periods at 5% Present value of annuity for 16 periods at ox 56335 4.968 10.838 10.106 The price of the bonds is 5665333 $5990320 56046845 $5980345

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