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11 Bonita Company issues $24500000,6%, 5-year bonds dated January 1, 2020 on January 1, 2020. The bonds pay interest semiannually on June 30 and December
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Bonita Company issues $24500000,6%, 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 2.5% 3.0% 5% 6% 0.88385 0.86261 0.78353 0.74726 Present value of a single sum for 5 periods Present value of a single sum for 10 periods 0.78120 0.74409 0.61391 0.55839 Present value of an annuity for 5 periods 4.64583 4.57971 4.32948 4.21236 Present value of an annuity for 10 periods 8.75206 8.53020 7.72173 7.36009 O $25572164 $ 25560589 $25564659 Step by Step Solution
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