eBook Show Me How Printem Determining the proceeds from Bond Issues Madison Corporation is authorized to issue $500,000 of 5-year bonds dated June 30, 2019, with a stated rate of interest of 11%. Interest on the bonds is payable semiannually, and the bonds are sold on June 30, 2019 Required: Determine the proceeds that the company will receive if it sells the following: (Click here to access the table to use with this exercise and round your answers to two decimal places, If necessary.) X 1. The bonds to yield 12% 2. The bonds to yield 10% Check My Wor You should determine the selling price by using the effective rate to determine the present value of both the future principal and periodic interest payments. When interest is paid semiannually, you should divide the effective rate by the Interest periods per year to determine the effective rate per semiannual period (for example, 12% - 2 periods -6% semiannual rate). You should also express the time to maturity in semiannual periods (for example, 5 year bonds x 2 periods 10 semiannual periods). You should use the same number of interest periods for both principal and interest calculations TABLE TALL Present Value of 1: Pue (+1) 5.OK 4.0% 4.5% 5.5% 7.0% 6.0% 1.5% n 0.947867 0.963395 0.934579 1 0.985222 0.961538 0.956938 0.952381 2 0.970562 0.924556 0.915730 0.907029 0.898452 0889996 0.873439 3 0.956317 0.588996 0.876297 0.863838 0.851614 0.839619 0.816298 4 0.942184 0.854804 0.838561 0.822702 0.807217 0.792094 0.762895 5 0.928260 0.821927 0.802451 0.783526 0.765134 0.747258 0712986 6 0.914542 0.790315 0767896 0.746215 0.725246 0.704961 0.666342 7 0.901027 0.759918 0.734828 0.710681 0.687437 0.6650ST 0.622750 80.887711 0.730690 0.703185 0.676839 0.651599 0.627412 0.582012 90.874592 0.702587 0.672904 0.644509 0.617629 0.591898 0.543934 10 0.861667 0.675564 0.643928 0.613913 0585031 0558395 0508349 110.848933 0.649581 0.616199 0.584679 0.554911 0.526788 0475093 120.836387 0.624597 0.589664 0.556837 0525982 0.4969890444012 13 0.824027 0.600574 0.564272 0.530321 0.498561 0.468839 0.414964 14 0.811849 0.577475 0.539973 0505068 0.4725690442301 0.387817 15 0.799852 0.555255 0.516720 0.481017 0.447933 0.4172650382446 16 0.788031 0:533908 0.494469 0.458112 0.424581 0.393646 0.338735 170.776385 0.513373 0.473176 0436297 0.402447 0.3713540316574 18 0764912 0.493628 0.452800 0:415521 0.3814660350344 0295864 190.753607 0.474642 0.433302 0.395734 0.3615790330513 0.276508 20 0742470 0.456387 0.414643 0.376889 0.342729 03118050258419 21 0731498 0.435834 0.396787 0.358942 03248620294155 0.241513 22 07206580.421955 0.379701 0.3418500307926 02775050 225713 230.710037 0.405726 0.363350 0.325571 O291873 0261292021097 24 0.699544 0.390121 0.347703 0.310068 0.2766570246979 197147 25 0.669206 0.375117 0.332731 0.295303 0.262234 02129990184249 26 0.679021 0.360699 0318402 0.281241 0.248563 0219810 0.172195 27 0668956 0346817 0301601 0.267843 0.235605 207368 0160930 28 0659099 0 333477 0.291571 0255096 0223322 0 195630 0.150402 29 06493590320651 02790150242945 0211699 0154552540563 3006397620 308319 0263000 0.231377 0 2009 0.174110031367 Table 3 (conduded 80 Yox 100% 120 101925926 18.08 0.917431 0.9090 0892857 20.657339 0341680 0577193 0.862069 0.347458 197194 37932 0.769456 0.13 U15 0.772183 40735019 0.711780 0674972 0.645658 085631 070542 0683013 01 | wjia03h TABLE Present Value of an Ordinary Annuity of 1: Pow 7.0% 1.5% 40% 4.5% 5.0% 5.5% 6.0% 1 0.965222 0.961538 0.956938 0.952381 0.947867 0.943396 0.934579 2 1.955883 1.888095 1.872668 1859410 1.846320 1.833393 1 808018 3 2912200 2775091 2748964 2.723248 2.697933 2673012 2624316 4 3854385 3.629895 3.587526 3.545951 3.505150 3.465106 3.387211 54782645 4.451822 4389977 4.329477 4.270284 4212364 4.100197 6 5697187 5242137 5.157872 5.075692 4.995530 4917324 4.766540 76.598214 6.002055 5.892701 5.786373 5.682967 5.582381 5.389289 8 7.485925 6.732745 6.595886 6.463213 6.334566 6.209794 5.971299 98.360517 7435332 7.268790 7.107822 6.952195 6.801692 6.515232 109.2221858.110896 7.912718 7721735 7.537626 7.360087 7.023562 11 10.071118 8760477 8528917 306414 8.092536 7.886875 7.498674 12 10.907505 9385074 9.118581 8.618518 8.383844 7.942686 13 11731532 9.985648 9.682852 9393573 9.117079 8.852683 8.357651 14 12.543382 10.563123 10.222825 9.898641 9.589648 9.294984 8.745468 15 13 343.233 11.118387 10.739546 10.379658 10.037581 9.712249 9.107914 16 14.131254 11.65229 11 234015 10.832770 10.462162 10.105995 9.446649 17 14.903649 12.165669 11.707191 11.274056 10.864609 10.477260 9.763223 1815 672561 12659297 12 159992 11 689587 11.246074 10.827603 10.059087 1916 426168 13.133939 12593294 12065321 11 607654 11.158116 10.335595 2017. 168639 13.590326 13.007936 12462210 11.950382 11 469921 10.594014 21 17.90013714029160 13.404724 12821153 12.27$244 11.764027 10835527 22 18.620824 14 45111513784425 13.163003 12 583170 12041582 11061240 23 19 3305611485684214147775 13.458576 12.875042 12300379 11272187 24 20030405 15 246943 14495478 13.798642 13:151699 12.550358 11.469334 25 20719611 15.62208014628209 14093945 13.413933 12.783356 11653583 26 21398612_15.982769 15146611 14 375185 13 662495 13.003166 11.825779 27 22.06761716329566 15.451303 14643034 13.898100 13210534 11986709 28227257177666308313742877 14.890127 14.12142213.40616-4 12.137111 29 23 376076 16 983715 16 021889 15.141074 14 333101 13590721 12277674 30 24015838 1729213 16.288589 15.372451 14533745 13764801 12409041 Table 4 (conduided) 3.0 9.03 1252PT3T 2 1.78245 Tot 11 2210 251120 212122 120720 100 21 1995 2.8852 110966 120% 14.03 16.01 08928570877193 B62069 1690051 1846661 1 605232 2 LIST 21521632 2245390 07309 29137122798181 18.0% 0.847458 1.565642 2172 PhoX7062 UYU 032731 OZYS Q2OZ24 OZW 0184249 26 0.679021 0.360589 0.318402 0.281241 0.248563 0219810 0.172195 27 0.668986 0.346817 0.301691 0.267840 0.235605 0207388 0.160730 28 0.659099 0.333477 0.291571 0.255094 0223322 0.195630 0.150402 29 0.649359 0.320651 0.279015 0242946 0.211679 0.184557 Q.140563 30 0.639762 0.308319 0.267000 0231377 0.200944 0.174110 0.131367 Table 3 (conduded n 8.0% 9.0% 10.0% 12.0% 14.0% 16.0% 18.0% 1 0.925926 0.917431 0.909091 0.892857 0.877193 0.862069 0.847458 2 0.857339 0.841680 0.826446 0.797194 0.769468 0.743163 0.718186 3 0.793832 0.772183 0.751315 0.711780 0.674972 0.640658 0.609631 4 0.735030 0.705425 0.683013 0.635518 0.592080 0.552291 0.515789 5 0.680583 0.649931 0.820921 0.567427 0.519369 0.476113 0.437109 6 0.630170 0.596267 0.564474 0.506631 0.455587 0410442 0.370432 7 0.583.490 0.547034 0.513158 0.452349 0.399637 0.353830 0.313925 8 0.540269 0501866 0.466507 0.403883 0.350559 0.305025 0.256038 90.500249 0.460428 0.424098 0.360610 0.307508 0.262953 0 225456 10 0.463193 0.422411 0.385543 0.321973 0.269744 0.226684 0.191064 11 0.428.883 0.387533 0.350494 0.287476 0236517 0.195417 0.161919 12 0.397114 0.355535 0.318631 0.2566750 2075590168463 0.137220 13 0.367698 0.326179 0.289664 0.229174 0.182069 0.145227 0.116288 14 0.340461 0299246 0.263331 0.204620 0.159710 0.125195 0.098549 150315242 0.274538 0.2393920102696 0.140096 107927 0.083515 16 0.291890 0.251870 0.217829 0163122 0 122892 0.093041 0.020778 17 0.270269 0.231073 0.197545 0.145644 0107800 0.080207 0.059930 18 0.250249 0211994 0.179859 0.1300400.094561 0.069144 0.050830 190231712 0.194490 0.163508 0.116107 0.062948 01059607 0043077 200.214548 0.178431 0.148644 0.103667 0.072762 0.051385 0.036506 210.198656 0.163698 0-135131 0.092560 0.063825 0.044298 0.0309 22 0.183941 0.150182 0.122846 0082643 0.055988 0038158 0.02218 23 0.170315 0.137781 0.111678 0.073788 0.049112 0032920 0.022218 24 0157699 0.125405 0.101526 0065882 0.043081 0030 001529 250.146018 0.115968 O 072296 0058823 0.037790 004465 00159 26 0.135202 0105393 O 03905 0 052521 0.033129 0021091 0.0153 27 0125187 0.097606 0076278 0045894 0039078 001512001140 28 0115914 0.009343 004106 0025502 0.082155 0.063009 0.013612 0008230 30 00932 0 052309 DO110.006075 MacBook 24 20030-05 15.248963 14.495478 13798642 13.151699 12.550358 11.469334 25 20.719611 15.622080 14.828209 14.093945 13.413933 12783356 11653583 26 21.398632 15.982769 15.146611 14.375185 13.662495 13.003166 11.825779 27 22067617 16.329586 15.451303 14.643034, 13.098100 13.210534 11.986709 28 22725717 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 12277674 30 24015838 17.292033 16.288889 15372451 14.533745 13.764831 12409041 Table 4 (conduded) 8.0% 9.036 100% 12.09 14.0% 16.0% 18.0% 1 0.925926 0.917431 0.909091 0.892857 0.877193 0.862069 0.847458 2 1.783265 1.759111 1.735537 1.690051 1.646661 1.605232 1.565642 3 2577097 2531295 2.486852 2.401831 2321632 2.245890 2174273 4 3.312127 3239720 3.169865 3.037349 2.913712 2.798181 2690062 5 3.992710 3.889651 3.790787 3.604776 3433081 3.274294 3.127171 64.622880 4485919 4.355261 4111407 3.888668 3.684736 3.497603 75.206370 5.032953 4.868419 4563757 4288305 4.038565 3.811528 8 5.746639 5.534819 5.334926 4.967640 4.638864 4.343591 4.077566 9 6 246888 5.995247 5.759024 5.328250 4.946372 4.606544 4.303022 TO 6.710081 6417658 6.144567 5650223 5216116 4.83.3227 4.494086 11 7.138964 6.805191 6.495061 5.937699 5.452733 5.028644 4.656005 127.536078 7.160725 6.813692 6.194374 5.660292 5.197107 4793225 13 7.903776 7486904 7.103356 6.423548 5.842362 5.342334 4.909513 14 8.244237 7.786150 7366687 6628168 6.002072 5.467529 5.008062 15 8.559.079 8.060688 7 606080 6810854 6.142168 5.575456 5.091578 16 8851369 8312558 7.623709 6.973986 6.265060 5.668497 5. 162354 17 9.121638 8543631 8021553 7.119630 6 372859 5.748704 5.222334 18 9.371887 8.755625 8.201712 7249670 6.467420 5.817848 5273164 19 9.502599950115 836492073657726.550369 5.877455 5.316241 209818147 9.128546 8.513564 7.469444 6.623131 5.928341 5.352746 21 10.016803 9.292244 8448690 7.562006 6686957 5.973139 5.383683 22.10.201044 9.442425 8.721540 7.644546 6.7429446.011326 5 409901 23 10 371059 9580207 8.683218 7718434 6.792056 5.044247 5.432120 24 10 629750 9.706612 7784316 8835132 6.072627 5.450949 2530/674776 9822580 907706) 7 863139 6.872927 6.097092 5.466906 26 10 809978 9.928972 9.180945 7.895660 6.906072 6118183 5.480429 210 93514510026580 9.237223 7.942554 6935155 136364 5.491689 28 11 051076 10.116128 9306567 7.98436.960562 6152038 5.501601 29. 11. 158406 10192 9606 021806 6.983037 6165550 5.509831 20 11257783 10273654 942914 1,055184 7 002664 6.172190 5.516806 Sook Air