Draw Page Layout Formulas Data Review View Help Search Be carefules from the Internet can contain vies. Unless you need to edit it's safer to stay in Protected View O PROTECTED VIEW Enable Editing PROBLEM 4 - Bond Issue Price (10 Points) YOU MUST SHOW YOUR COMPUTATIONS IN THE SECTION BELOW YOUR ANSWER s On January 1, 2019. Ellison Co. issued eight-year bonds with a face value of $6,000,000 and a 6 stated interest rate of 6%, payable semiannually on June 30 and December 31. The bonds were 7 sold to yield 8%. Table values are: 9 Present value of 1 for 8 periods at 6% 10 Present value of 1 for 8 periods at 8% 11 Present value of 1 for 16 periods at 3% 12 Present value of 1 for 16 periods at 4% 13 Present value of annuity for 8 periods at 6% 14 Present value of annuity for 8 periods at 8% 15 Present value of annuity for 16 periods at 3% 16 Present value of annuity for 16 periods at 4% 0.62741 0.54027 062317 0.53391 6.20979 5.74664 12.5611 11,6523 Required: Calculate the proceeds from this 18 bond issue. You must type your answer in the red box: Problem 1 Problem 2 Problem Problem 4 Problem 5 Prob Re LM O Type here to search File Home Insert Draw Page Layout Formulas Data Review view Help Search PROTECTED VIEW Be careful--files from the Internet can contain viruses. Unless you need to edit, it's safe to stay in Protected View Enable Editing A9 - X V fi Present value of 1 for 8 periods at 6% 9 Present value of 1 for 8 periods at 6% 10 Present value of 1 for 8 periods at 8% 11 Present value of 1 for 16 periods at 3% 12 Present value of 1 for 16 periods at 4% 13 Present value of annuity for 8 periods at 6% 14 Present value of annuity for 8 periods at 8% 15 Present value of annuity for 16 periods at 3% 16 Present value of annuity for 16 periods at 4% 10.62741 0.54027 0.62317 0.53391 6.20979 5.74664 12.5611 11.6523 Required: Calculate the proceeds from this 18 bond issue. You must type your answer in the red box: Bond Proceeds YOU MUST SHOW ALL OF YOUR WORK IN THIS SECTION 25 Computations: Problem 1 Problem 2 Problem 3 Problem 4 Problem 6 ) Problem 5 Al Type here to search