Bond Issue On January 1, Canglon, Inc., issues 10%, 5-year bonds with a face value of $150,000 when the effective rate is 12%. Interest is to be paid semiannually. Prepare calculations to prove that the selling price of the bonds is $138,959.90. Click here to access the tables to use with this exercise. Round your answers to two decimal places, if necessary, Present value of principal: Present value of interest: Selling price TABLI Present Value of 11 - TABLE Present Value of an ordinary Annuity of 11 PON 15% 40 45 50 55% 6. 70% 10.985222 0.961538 a956038 0.952381 094787 0.983398 0934579 209 0.624556 0915730 0.90702900457 073419 3095317 OM ONMAN 0.8688 0151614 OM 1961901299 4 0.942184 0.854804 0838561 0.822700 0.807217 0.792094 0.762895 5 0.9260260 0.01927 0302451 076526 0765134 0.747258 0.712986 6 091454 070015 0.767 074215 2.725 0.704961 0.86642 7 0.901027 0.759918 0.734828 0.71081 0.687437 0.665057 0.622750 8 0.887711 0.73060 0700185 0.670890451506274120582012 9 0.374592 0.2025870672904044500 06176290591829 0541234 10 0.861667 0.675564 0.64.920 06139130.505431 0.558395 0.508349 11 0.849933 0.649581 0.616199 0.584679 0.554911 0526788 0.475093 12 0836387 0.624597 589664 0.556837 0.52592 0.499800444012 13 0.824027 0400574054272 0530321 0.498561 0.468839 0.414954 14 0811349 0.57747505399730505066 04724 0.442301017817 15 0.7995520.555265 0.516720 0.481017 0.447933 0.417265 0.362446 16 0.788001 0.53.308 0.4469 0.450112 0424581 0.393646 0.336735 17 0776385 0.513373 0473176 0.436297 40247 0.371364 0.316574 18 076491204936280452800 0415521 0.381466 0.350344 0.295864 19 0.753600 0.074542 O & 0.395734 0561579 0.330513 0.276508 20 0.742470 0.456387 0.4145430376809 0.342720 0.311805 0.258419 21 0731498043383403467870350942 03248620294155 0241513 22 0.7206880.4219550379701 0.341850 0307926 02775050225713 23 0.710037 0.405726 0.363350 0.325571 0.291873 0.261797 0210947 24 0.699544 0.390121 0.347703 03100 0.276657 0.246979 0.197147 25 0.689206 0.375117032731 0.295303 0.262234 023290184249 26 0679021 0.360689 0.318402 0281241 0.248563 0219810 0.172195 27 0.668986 0.3468170304091 0.26784 0235605 0207368 0160930 28 0.659099 0.333477 0.291571 0255094 0.223322 0.1956300.150902 29 0.649359 0.320651 0.279015 0.242985 0.211679 0.184557 0.140563 300639742 0.308319 02670000231377 0.200944 0.174110 0.1317 1.5 40% 5.0 6. 70% 10.985222 0.9615 ans 092381 0157 0943398 09345 1.955883 1880095 1890410 1.16320 1.833793 1800018 3 2.912200 2775091 2748964 2723245 2492933 2673012 2624316 4 145 342 3.587526 3.545951 3.505150 3.465106 3.387211 54.782645 4.451822 4399977 4329477 4270254 421244 4.100197 65.67187 5242137 5.157872 5075692 4.995530 4917224466540 76.5982146002055 5.892701 5.7863735.882967 5582391 5.38129 8 7.485925 6.732745 6.50536 6.463213 6.334566 6209794 5971290 98.360517 7435332 7.268790 7.107822 6.952195 6.801692 6.515232 109.2221858.110896 7.912718 7721735 7537626 730087 702352 11 10.071118 8.760477 8528917 8.306414 8.092536 7.8 7.498674 12 10 505 384074 9.118581 8.863252 8.618518 8383844 7.942686 13 11.73152 9.985648 9682852 9.393573 9.117079 357651 14 12.543382 10563123 10.222025 9.89641 9.589648 9.294964 8.745468 15 13.343233 11.118387 10.739546 10.379658 10.037581 9712249 9.107914 16 14.131264 11652296 11.234015 10.837770 10.462162 10.1058959446649 17 14.907649 12.165669 11.707191 11274066 10.864609 10.4772609763223 18 15672561 1265929 12.159992 11689587 11.246074 10827603 1005087 19 16.425148 13.13.1912 591204 12015121 11.07654 11.198116 0 33555 20 17.168639 13.590326 13.007936 12.462210 11.950382 11.469921 10594014 21 17.900137 14.029160 13.404724 12821153 12.275244 11764077 10835527 22 18.620824 14.451115 13.784425 13.163003 12.583170 12041582 11.061240 23 19.330861 14856842 14.147775 13.488574 12.875042 12.308379 11 272187 24 20030405 15 246953 14.495478 1379642 13.151699 12.550358 11469334 25 20719611 15622080 14.828209 14.093945 13.413933 12.783356 11.653583 26 21398632 15.982769 15.146611 14.375185 13.662495 13.003166 11 825779 27 22067617 16.329586 15.451303 14.643034 1398100 13.210534 11.986709 28 22.726717 16 663063 15.742874 14.890122 14.121422 13.406164 12.137111 29 23.376076 16.983715 16 021889 15.141074 14.333101 13.590721 12277674 30 24015838 17292033 16.238889 15.372451 14.533745 13.764301 12406041
