FACTORS FOR CALCULATING THE PRESENT VALUE OF TON 100 ON IMO OOO 0000 100 100 VO DO 00 FORO SOOD OLVO MO COOP ed Women hef Only 2011 Demoty. wedbo The body teretane and Deco De 30 Triate face the table previe 3 4 O 000 DS PO Disc Rate 0% 0.00 OO OW ON 0703 0.73 06.00 0.0045 02 0.00 0.4000 500 0.44 3000 CEO OOOO 00 0.000000 0 0.0 0.000 0.000000 OS 075000.00 CO CAROLO MO OBI 000 BODO mer 04701 04104 WO NO WO CO 0 CO HUO CICO OOO NO CHO IMO ACTO LOGO 3500 1000 a condena 20, www the two of tanto tend PV decimal 0 10 WO Woo OTO 1290000 1090 we OOO 1000 0.000 0.227 WO DO 01011 Ooo 101 140 0.6406 WATO TO CO GOD ICO 100 O 12 OG woro NO 100 CO 0.750 OTTO 0.750 10 0.000 Dood 3100 0:30 D 0.14 D O WAO WO SO FOTO 2010 021 0.000 012 0.1601 02122 0.107 00045 0.11 000 000 . 0.0000 0.000 000 0.000 0.01 00 0.00 WO COSTO FOTO foto Gone O 0216 00000 0100 0.100 0.1007 COD 000 20 0119 010 0.1 011 012 A SPORTS SR809 DOTE 00 . 00014 06 GOXO BO We DO 072 . 05136 0700 0.600 0443300 30 0318 0000 04 0420 AVTO DES 0405 0201 0622 000 0340 0975 52 DO 020 04100.000 030107 10 COD 2110 000 DOT 00 DS 001 00 0.000 10000 0.15 1160 0.000 06 1095 0.0000 0.00 000 000 00100 00100 0.000 0.000 007 6000 0.00 DO COCO 0.004 36 COVO LOO 00 DO CUDO 0.00 0.0001 90000 0000 G. DO 00000 COCO 0022 00012 D. 0.000 DOTT BUDO 0.500 9.000 5 00013 00012 0000 C 1 OR Ned> - TAGS MOTIVI student... mework Saved Help Save & Exit Submit Check my work Required information [The following information applies to the questions displayed below.) On January 1, 2019, Drennen Inc. issued $3.1 million face amount of 8-year, 10% stated rate bonds when market interest rates were 8%. The bonds pay semiannual interest each June 30 and December 31 and mature on December 31, 2026. Table 6-4. Table 6-5 (Use appropriate factor from the table provided.) Required: a. Calculate the proceeds (issue price) of Drennen Inc.'s bonds on January 1, 2019, assuming that the bonds were sold to provide a market rate of return to the investor. (Round PV factor to 4 decimal places.) Proceeds Discount Rate No. of Periods 2% 4% 6% 8% 10% 12% 14% 16% 18% 20% 1 2 3 0.980 0.981 0.942 0.924 0.906 0.9615 0.9246 0.8890 0.8548 0.8219 0.9434 0.8900 0.8396 0.7921 0.7473 0.9259 0.8573 0.7938 0.7350 0.6806 0.9091 0.8264 0.7513 0.6830 0.8209 0.8929 0.7972 0.7118 0.6355 0.5674 0.8772 0.7695 0.6750 0.5921 0.5194 0.8821 0.7432 0.6407 0.5523 0.4761 0.8475 0.7182 0.6086 0.5158 0.4371 0.8333 0.6944 0.5787 0.4823 0.4019 4 5 0.888 0.871 0.853 0.837 0.820 0.7903 0.7599 0.7307 0.7026 0.6756 0.7050 0.6651 0.6274 0.5919 0.5584 0.6302 0.5835 0.5403 0.5002 0.4632 0.5645 0.5132 0.4665 0.4241 0.3855 0.5066 0,4523 0,4039 0.3608 0.3220 0.4556 0.3996 0.3506 0.3075 0.2697 0.3704 0.3139 0.2660 0.2255 0.1911 0.3349 0.2791 0.2326 0.1938 0.1615 0.4104 0.3538 0.3050 0.2630 0.2267 0.1954 0.1685 0.1452 0.1252 0.1079 0.804 0.788 0.773 0.758 0.743 0.8496 0.6246 0.6006 0.5775 0.5553 0.5288 0.4970 0.4688 0.4423 0.4173 0.4289 0.3971 0.3677 0.3405 0.3152 0.3505 0.3186 0.2897 0.2633 0.2394 0.2875 0.2567 0.2292 0.2046 0.1827 0.2386 0.2076 0.1821 0.1597 0.1401 0.1619 0.1372 0.1163 0.0985 0.0835 0.1346 0.1122 0.0935 0.0779 0.0649 OOONO & S&&& 16 0.728 0.714 0.700 0.686 0.673 0.5339 0.5134 0.4936 0.4746 0.4564 0.3936 0.3714 0.3503 0.3305 0.3118 0.2919 0.2703 0.2502 0.2317 0.2145 0.2176 0.1978 0.1799 0.1635 0.1486 0.1631 0.1456 0.1300 0.1161 0.1037 0.1229 0.1078 0.0946 0.0829 0.0728 0.0930 0.0802 0.0691 0.0596 0.0514 0.0708 0.0600 0.0508 0.0431 0.0365 0.0541 0.0451 0.0376 0.0313 0.0261 20 21 0.660 0.647 0.634 0.622 0.610 0.4388 0.4220 0.4057 0.3901 0.3751 0.2942 0.2775 0.2618 0.2470 0.2330 0.1987 0.1839 0.1703 0.1577 0.1460 0.1351 0.1228 0.1117 0.1015 0.0923 0.0926 0.0826 0.0738 0.0659 0.0588 23 24 25 0.0638 0.0560 0.0491 0.0431 0.0378 0.0443 0.0382 0.0329 0.0284 0.0245 0.0309 0.0262 0.0222 0.0188 0.0160 0.0217 0.0181 0.0151 0.0126 0.0105