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Marigold Corp. issues $5060000, 5%, 5-year bonds dated January 1, 2020 on January 1, 2020. The bonds pay interest semiannually on June 30 and December
Marigold Corp. issues $5060000, 5%, 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 4%. What are the proceeds from the bond issue?
Marigold Corp. issues $5060000,5%, 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 4%. What are the proceeds from the bond issue? 2.0% 2.5% 4% 5% 0.90573 0.88385 0.82193 0.78353 0.82035 0.78120 0.67556 0.61391 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 4.71346 4.64583 4.45182 4.32948 8.98259 8.75206 8.11090 7.72173 $5285769 $5060000 $5284954 $5287269
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