Computation of Effective Interest Rate On June 30, 2019, Gaston Corporation sold $630,000 of 11% face value bonds for $662,695.86. On December 31, 2019, Gaston sold $460,000 of this same bond issue for $438,621.56. The bonds were dated January 1, 2019, pay interest semiannually on each December 31 and June 30, and are due December 31, 2026. Required: Compute the effective yield rate on each issuance of Gaston's 11% bonds. Click here to access the tables to use with this problem. Round your answers to the nearest whole percentage. June 30, 2019 issuance: % % December 31, 2019 issuance: Accounting numeric field 3 1 4 1 Present Value of 1: Pri (1+i)" Present Value of an Ordinary Annuity of 1: poni i n 1 1.5% 0.985222 2 4.0% 4.5% 0.961538 0.956938 0.970662 0.924556 0.915730 3 0.956317 0.888996 0.876297 5.0% 0.952381 0.907029 0.863838 5.5% 6.0% 7.0% 0.947867 0.943396 0.934579 0.898452 0.889996 0.873439 0.851614 0.839619 0.816298 n 1 1.5% 4.5% 5.0% 7.0% 4.0% 0.985222 0.961538 0.956938 0.952381 0.947867 0.943396 0.934579 2 1.955883 1.886095 1.872668 1.859410 1.846320 1.833393 1.808018 5.5% 6.0% 5 0.928260 0.821927 0.802451 6 7 9 10 19 4 0.942184 0.854804 0.838561 0.822702 0.807217 0.792094 0.762895 0.783526 0.765134 0.747258 0.712986 0.914542 0.790315 0.767896 0.746215 0.725246 0.704961 0.666342 0.901027 0.759918 0.734828 0.710681 0.687437 0.665057 0.622750 8 0.887711 0.730690 0.703185 0.676839 0.651599 0.627412 0.582012 0.874592 0.702587 0.672904 0.644609 0.617629 0.591898 0.543934 0.861667 0.675564 0.643928 0.613913 0.585431 0.558395 0.508349 11 0.848933 0.649581 0.616199 0.584679 0.554911 0.526788 0.475093 12 0.836387 0.624597 0.589664 0.556837 0.525982 0.496969 0.444012 13 0.824027 0.600574 0.564272 0.530321 0.498561 0.468839 0.414964 14 0.811849 0.577475 0.539973 0.505068 0.472569 0.442301 0.387817 15 0.799852 0.555265 0.516720 0.481017 0.447933 0.417265 0.362446 16 0.788031 0.533908 0.494469 0.458112 0.424581 0.393646 0.338735 17 0.776385 0.513373 0.473176 0.436297 0.402447 0.371364 0.316574 18 0.764912 0.493628 0.452800 0.415521 0.381466 0.350344 0.295864 0.753607 0.474642 0.433302 0.395734 0.361579 0.330513 0.276508 20 0.742470 0.456387 0.414643 0.376889 0.342729 0.311805 0.258419 21 0.731498 0.438834 0.396787 0.358942 0.324862 0.294155 0.241513 22 0.720688 0.421955 0.379701 0.341850 0.307926 0.277505 0.225713 23 0.710037 0.405726 0.363350 0.325571 0.291873 0.261797 0.210947 24 0.699544 0.390121 0.347703 0.310068 0.276657 0.246979 0.197147 25 0.689206 0.375117 0.332731 0.295303 0.262234 0.232999 0.184249 26 0.679021 0.360689 0.318402 0.281241 0.248563 0.219810 0.172195 27 0.668986 0.346817 0.304691 0.267848 0.235605 0.207368 0.160930 28 0.659099 0.333477 0.291571 0.255094 0.223322 0.195630 0.150402 29 0.649359 0.320651 0.279015 0.242946 0.211679 0.184557 0.140563 30 0.639762 0.308319 0.267000 0.231377 0.200944 0.174110 0.131367 3 2.912200 2.775091 2.748964 2.723248 2.697933 2.673012 2.624316 4 3.629895 3.587526 3.505150 3.854385 3.465106 3.545951 5 4.782645 4.451822 4.389977 4.329477 4.270284 4.212364 3.387211 4.100197 6 5.697187 5.242137 5.157872 5.075692 4.995530 4.917324 4.766540 8 Table 3 (concluded) 9.446649 7 6.598214 6.002055 5.892701 5.786373 5.682967 5.582381 5.389289 7.485925 6.732745 6.595886 6.463213 6.334566 6.209794 5.971299 9 8.360517 7.435332 7.268790 7.107822 6.952195 6.801692 6.515232 10 9.222185 8.110896 7.912718 7.721735 7.537626 7.360087 7.023582 11 10.071118 8.760477 8.528917 8.306414 8.092536 7.886875 7.498674 12 10.907505 9.385074 9.118581 8.863252 8.618518 8.383844 7.942686 13 11.731532 9.985648 9.682852 9.117079 8.852683 8.357651 9.393573 9.898641 9.589648 9.294984 8.745468 14 12.543382 10.563123 10.222825 15 13.343233 11.118387 10.739546 10.379658 10.037581 9.712249 9.107914 16 14.131264 11.652296 11.234015 10.837770 10.462162 10.105895 17 14.907649 12.165669 11.707191 11.274066 10.864609 10.477260 9.763223 18 15.672561 12.659297 12.159992 11.689587 11.246074 10.827603 10.059087 19 16.426168 13.133939 12.593294 12.085321 11.607654 11.158116 10.335595 20 17.168639 13.590326 13.007936 12.462210 11.950382 11.469921 10.594014 21 17.900137 14.029160 13.404724 12.821153 12.275244 11.764077 10.835527 22 18.620824 14.451115 13.784425 13.163003 12.583170 12.041582 11.061240 23 19.330861 14.856842 14.147775 13.488574 12.875042 12.303379 11.272187 24 20.030405 15.246963 14.495478 13.798642 13.151699 12.550358 11.469334 25 20.719611 15.622080 14.828209 14.093945 13.413933 12.783356 11.653583 26 21.398632 15.982769 15.146611 14.375185 13.662495 13.003166 11.825779 27 22.067617 16.329586 15.451303 14.643034 13.898100 13.210534 11.986709 28 22.726717 16.663063 15.742874 14.898127 14.121422 13.406164 12.137111 29 23.376076 16.983715 16.021889 15.141074 14.333101 13.590721 12.277674 30 24.015838 17.292033 16.288889 15.372451 14.533745 13.764831 12.409041 Table 4 (concluded) n 1 3 0.751315 0.711780 4 0.735030 0.708425 5 0.680583 0.649931 6 8 8.0% 9.0% 10.0% 12.0% 14.0% 16.0% 18.0% 0.925926 0.917431 0.909091 0.892857 0.877193 0.862069 0.847458 0.841680 0.826446 0.797194 2 0.857339 0.769468 0.743163 0.718184 0.793832 0.772183 0.674972 0.640658 0.608631 0.552291 0.515789 0.683013 0.635518 0.592080 0.620921 0.567427 0.519369 0.476113 0.437109 0.506631 0.630170 0.596267 0.564474 0.455587 0.410442 0.370432 7 0.583490 0.547034 0.513158 0.452349 0.399637 0.353830 0.313925 0.540269 0.501866 0.466507 0.403883 0.350559 0.305025 0.266038 9 0.500249 0.460428 0.424098 0.360610 0.307508 0.262953 0.225456 0.385543 10 0.463193 0.422411 0.321973 0.269744 0.226684 0.191064 0.387533 0.195417 0.161919 11 0.428883 0.350494 0.287476 0.236617 0.355535 0.318631 12 0.397114 0.256675 0.207559 0.168463 0.137220 0.326179 13 0.367698 0.289664 0.229174 0.182069 0.145227 0.116288 14 0.299246 0.263331 0.204620 0.340461 0.159710 0.125195 0.098549 15 0.315242 0.274538 0.239392 0.182696 0.140096 16 n 0.107927 0.083516 0.291890 0.251870 0.217629 0.163122 0.122892 0.093041 0.070776 17 0.270269 0.231073 0.197845 0.145644 0.107800 0.080207 0.059980 18 0.250249 0.211994 0.179859 0.130040 0.094561 19 0.231712 0.194490 0.163508 0.116107 0.082948 0.059607 0.043077 0.072762 20 0.214548 0.178431 0.148644 0.103667 0.051385 0.036506 21 0.198656 0.163698 0.135131 0.092560 0.063826 0.044298 0.030937 22 0.183941 0.150182 0.122846 0.082643 0.055988 0.038188 0.026218 0.137781 0.111678 0.073788 23 0.170315 0.049112 0.032920 0.022218 24 0.157699 0.126405 0.101526 0.065882 0.043081 0.028380 0.018829 25 0.146018 0.115968 0.092296 0.058823 0.037790 0.024465 0.015957 26 0.135202 0.106393 0.083905 0.052521 0.033149 0.021091 0.013523 27 0.125187 0.097608 0.076278 0.046894 0.029078 0.018182 0.011460 28 0.115914 0.089548 0.069343 0.041869 0.025507 0.015674 0.009712 29 0.107328 0.082155 0.063039 0.037383 0.022375 0.013512 0.008230 30 0.099377 0.075371 0.057309 0.033378 0.019627 0.011648 0.006975 16 8.851369 0.069144 0.050830 17 9.121638 18 9.371887 19 9.603599 8.0% 10.0% 12.0% 14.0% 16.0% 18.0% 9.0% 1 0.925926 0.917431 0.909091 0.892857 0.877193 0.862069 0.847458 1.759111 1.735537 1.690051 1.605232 1.565642 2 1.783265 1.646661 3 2.577097 2.531295 2.486852 2.401831 2.321632 2.245890 2.174273 4 3.312127 3.239720 3.169865 3.037349 2.913712 2.798181 2.690062 5 3.992710 3.889651 3.790787 3.604776 3.433081 3.274294 3.127171 6 4.622880 4.485919 4.355261 4.111407 3.888668 3.684736 3.497603 7 5.206370 5.032953 4.868419 4.563757 4.288305 4.038565 3.811528 5.534819 5.334926 8 5.746639 4.967640 4.343591 4.638864 4.077566 9 6.246888 5.995247 5.759024 5.328250 4.946372 4.606544 4.303022 6.417658 6.144567 10 6.710081 5.650223 5.216116 4.833227 4.494086 11 7.138964 5.937699 5.452733 6.805191 5.028644 6.495061 4.656005 12 7.536078 7.160725 6.813692 6.194374 5.660292 5.197107 4.793225 13 7.903776 7.486904 7.103356 6.423548 5.842362 5.342334 4.909513 14 8.244237 7.786150 7.366687 6.628168 6.002072 5.467529 5.008062 15 8.559479 8.060688 7.606080 6.810864 6.142168 5.575456 5.091578 8.312558 7.823709 6.973986 6.265060 5.668497 5.162354 8.021553 7.119630 8.543631 6.372859 5.748704 5.222334 8.755625 8.201712 7.249670 5.817848 5.273164 6.467420 8.950115 8.364920 7.365777 6.550369 5.877455 5.316241 20 9.818147 9.128546 8.513564 5.352746 7.469444 6.623131 5.928841 21 10.016803 9.292244 8.648694 7.562006 6.686957 5.973139 5.383683 9.442425 22 10.201044 8.771540 7.644646 6.742944 6.011326 5.409901 23 10.371059 9.580207 8.883218 7.718434 6.792056 6.044247 5.432120 24 10.528758 9.706612 8.984744 7.784316 6.835137 6.072627 5.450949 9.822580 6.097092 25 10.674776 9.077040 7.843139 6.872927 5.466906 9.928972 26 10.809978 9.160945 7.895660 6.906077 6.118183 5.480429 9.237223 7.942554 6.136364 5.491889 27 10.935165 10.026580 6.935155 9.306567 7.984423 6.152038 28 11.051078 10.116128 6.960662 5.501601 9.369606 29 11.158406 10.198283 8.021806 6.983037 6.165550 5.509831 30 11.257783 10.273654 9.426914 8.055184 7.002664 6.177198 5.516806