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19:05 Question 48 of 58 - / 10 Current Attempt in Progress On January 1, 2020, Crane Company issued eight year bonds with a face

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19:05 Question 48 of 58 - / 10 Current Attempt in Progress On January 1, 2020, Crane Company issued eight year bonds with a face value of $6040000 and a stated interest rate of 8% payable semiannually on June 30 and December 31. The bonds were sold to yield 10%. Table values are: 0.540 0.467 0.534 0.458 Present value of 1 for 8 periods at 8% Present value of 10 1 for 8 periods at 10% Present value of 1 for 16 periods at 4% Present value of 1 for 16 periods at 5% Present value of annuity for 8 periods at 8% Present value of annuity for B periods at 10% Preserit value of annuity for i perlods at 4% Present value of annalty for 16 periods at 5% 5.747 5335 11.652 10,838 The present value of the principalis

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