N- When the market rate of interest was 12 % , Newman Corporation issued $445,000, 11 % , five- year bonds that pay interest semiannually. Determine the selling price of this bond issue. Use the present value tables below. Present Vakue of $1 to Be Paid in the Future Present Vakae of a Series of $1 Payments to Be Paid in the Fubures Periods 5.0% 5.5% 6.0% 6.5% Periods 5% 5.5% 6.5% $0.052381 $0.947807 S0 0433064 S0.039067 $0.002381 50.947867 s0.943300- 2 SO 907020 $0.808452 S0 89090 S0.381058 2 $1.800410 $1.846320 $1.8333030 $1.8200204 S0.863838 30.851614 s08300198 S0.327840 31 $2.72324 $2.007933 $2.673012 $2 848475 S0 822702 $0.807217 S0.702004 S0.777323 $3.545051 $3.505150 $3465100 $1425790 s0.783526 $0.705134 s0747258 S0.729881 5 $4 329477 $4270284 $4212364 54.156072 S0.740215 $0.725240- S0704001 s0.685334 $5.0750021 $4.005530 $4.017324 $4341014 S0.710081 s0 687437 S0 005057 S0.043500 $5.708373 55.082007 $5.582381 s5 404520 So 676830 S0.051500 S0.627412 S0 004231 s6 463213 s0.33450 s0200704 s0.068751 S0 501808 S0567353 $7.107822 s0 052105 s0 01602 s0 de0104 s0.044000 50.017029 50 532726 $7.721735 $7.537020- $7300087 $7.188030 10 10 50 013013 s0.585431 s0 558305 11% 11.5% 12% 12.5% 12.0% 12.5% Periods Periods 11.0% 11.5% S0.900009 S0 0205 0 800001 50 892857 S0 888880 50 9O0001 $1000051 $1 ero012 2 $1.712523 $1.701221 S0.790123 $0.804360 S0 797194 S0 811822 $2.341344 32 422610 $2 40183 12 443715 50711780 S0 702332 S0 731101 0.721300- .007340 3 005839 $3.102440 $3.000014 30 624295 $0.640004 S0 635518- 50.058731 Previous Next 30 676830 50.001500 S0 627412 S0004231 s0 334580 s0.4032130 50.200704 50.088751 $0.644000 s0.017620 S0 001808 S0.5e7353 $7.107822 s0.952105 s0.801092 s0.050104 10 30613013 50.585431 s0.558305 s0.532720 10 $7.721735 $7 537620 57.300087 $7.10830 Periods 11.0 % 11.5% 12.0 % 12.5% Periods 11% 11.5% 12% 12.5% 1 S0.000001 50.806801 S0.892857 $0.S8sesoe 1 50.900001 s0.806881 s0.s02057 s0.s08ceo 30.811622 30.804300 50.797194 S0.700123 2 $1.712523 $1.701221) $1.000061 $1.679012 s0.731101 $0.721300 S0.711780 $0.702332 $2443715 $2422010 $2401831 $2.381344 4 So.055731 s0.040004 50 630518 S0.024295 $3.1024404 $3.000014 $3.037340 $3.00563 s0.593451 50.580264 s0 567427 s0.5549296 $3.005007 3.04078 $3.004770 $3.0006 5 $0.520416 50.403270 $4 230538 $4.170294 $4.111407 $4.053833 50.534041 S0.500631 $0.433402 54712100 $4.637035 $4.563757 $4.402201 7 S0 481658 $0.400741 S0.452340 50.418002 S0 403883 50.389744 s51401230 s5055837 $4 007040 $4 882045 S0 43302 50.34643 5.537048 $5 431004 $5 328260 $5228485 S0.300025 50.3754284 S0 300010 s500023 s5 767771 5.600023 5.535431 s0 352184 0 336700 50 321973 s0.307946 10 Select the correct answer O$428,959 Os431,167 O$629,484 O$683,672
