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A) Shamrock Corporation, having recently issued a $20,153,400, 15-year bond issue, is committed to make annual sinking fund deposits of $619,400. The deposits are made

A) Shamrock Corporation, having recently issued a $20,153,400, 15-year bond issue, is committed to make annual sinking fund deposits of $619,400. The deposits are made on the last day of each year and yield a return of 10%. Will the fund at the end of 15 years be sufficient to retire the bonds?

B) What is the future value of 17 periodic payments of $9,300 each made at the end of each period and compounded at 10%?

C) Blue Inc. issues $2,011,300 of 10% bonds due in 12 years with interest payable at year-end. The current market rate of interest for bonds of similar risk is 11%. Amount recieved by Blue when bonds were issued $______

D) What would you pay for a $220,000 debenture bond that matures in 15 years and pays $11,000 a year in interest if you wanted to earn a yield of: 3%, 4%, and 5%?

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