Multiple Choice Question 62 On January 1, 2017, Vaughn Manufacturing issued eight-year bonds with a face value of $6130000 and a stated interest rate of 10%, payable semiannually on June 30 and December 31. The bonds were sold to yield 12%. Table values are: Present value of 1 for 8 periods at 10% 0.467 Present value of 1 for 8 periods at 12% 0.404 Present value of 1 for 16 periods at 5% 0.458 Present value of 1 for 16 periods at 6% 0.394 Present value of annuity for 8 periods at 10% 5.335 Present value of annuity for 8 periods at 12% 4.968 Present value of annuity for 16 periods at 5% 10.838 Present value of annuity for 16 periods at 6% 10.106 The issue price of the bonds is $5521904. $5574009. $6133065. $5512709.

Multiple Choice Question 62 On January 1, 2017, Vaughn Manufacturing issued eight-year bonds with a face value of $6130000 and a stated interest rate of 10%, payable semiannually on June 30 and December 31. The bonds were sold to yield 12%. Table values are: Present value of 1 for 8 periods at 10% 0.467 Present value of 1 for 8 periods at 12% 0.404 Present value of 1 for 16 periods at 5% 0.458 Present value of 1 for 16 periods at 6% 0.394 Present value of annuity for 8 periods at 10% 5.335 4.968 Present value of annuity for 8 periods at 12% Present value of annuity for 16 periods at 5% Present value of annuity for 16 periods at 6% 10.838 10.106 The issue price of the bonds is $5521904. $5574009. $6133065. $5512709