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as follows: table [ [ Present value of 1 for 5 periods, 6 % ? ? , 8 % ? ? On January I,
as follows:
tablePresent value of for periods,
On January I, Delta Co. issued five-year bonds with a face amount of S500,000. The bonds pay interest semiannually on June 30 and December 31 at a stated interest rate of 6%. The bonds were sold to yield Present value factors are as follows: Present value ofl for 5 periods Present value of 1 for 10 periods Present value of annuity of 1 for 5 periods Present value of annuity ofl for 10 periods Present value of 1 for 5 periods Present value of I for 10 periods Present value of annuity of 1 for 5 periods Present value of annuity of 1 for 10 periods What was the total issue price for these bonds? O S544,700 O $338,000 O $459,650 O $500,700 .747 .558 4.21 7.36 863 .744 4.58 8.58 .680 .463 399 6.71 .822 .676 4.45 8.11
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