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Crane Company issues $4900000, 4%, 5-year bonds dated January 1, 2020 on January 1, 2020. The bonds pay interest semiannually on June 30 and December

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Crane Company issues $4900000, 4%, 5-year bonds dated January 1, 2020 on January 1, 2020. The bonds pay interest semiannually on June 30 and December 31. The bonds are issued to yield 3%. What are the proceeds from the bond issue? 1.5% 2.0% 3% 4% 0.92826 0.90573 0.86261 0.82193 0.86167 0.82035 0.74409 0.67556 Present value of a single sum for 5 periods Present value of a single sum for 10 periods Present value of an annuity for 5 periods Present value of an annuity for 10 periods 4.78264 4.71346. 4.57971 4.45182 9.22218 8.98259 8.53020 8.11090 O $4900000 O $5123642 O $5124457 $5125957

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