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1 Concord Company issues $25700000, 6%, 5-year bonds dated January 1, 2020 on January 1, 2020. The bonds pay interest semiannually on June 30 and
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Concord Company issues $25700000, 6%, 5-year bonds dated January 1, 2020 on January 1, 2020. The bonds pay interest semiannually on June 30 and December 31. The bonds are issued to yield 5%. What are the proceeds from the bond issue? Present value of a single sum for 5 periods Present value of a single sum for 10 periods Present value of an annuity for 5 periods Present value of an annuity for 10 periods 2.5% 0.88385 0.78120 4.64583 8.75206 3.0% 0.86261 0.74409 4.57971 8.530201 5% 0.78353 0.61391 4.32948 7.72173 6% 0.74726 0.55839 4.21236 7.36009) O $26813103 O $26817173 O $25700000 $26824678Step by Step Solution
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