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Everhart Company issues $10,000,000, 6%, 5-year bonds dated January 1, 2015 on January 1, 2015. The bonds pays interest semiannually on June 30 and December
Everhart Company issues $10,000,000, 6%, 5-year bonds dated January 1, 2015 on January 1, 2015. The bonds pays interest semiannually on June 30 and December 31. The bonds are issued to yield 5%. What are the proceeds from the bond issue? 2.5% 3.0% 5.0% 6.0% .88385 .86261 .78353 74726 78120 .74409 61391 55839 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 464583 4.579714.32948 4.21236 8.75206 8.53020 7.72173 7 36009 $10,432,988 Ob $10,000,000 Oc. $10.434,616 Od $10.437.618
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