On January 1, Canglon, Inc., issues 10%, 5-year bonds with a face value of $150,000 when the effective rate is 12%. Interest is to be
On January 1, Canglon, Inc., issues 10%, 5-year bonds with a face value of $150,000 when the effective rate is 12%. Interest is to be paid semiannually.
Prepare calculations to prove that the selling price of the bonds is $138,959.90. Use tables to help. Round your answers to two decimal places, if necessary.
Table 4 a maa-puma dlhhhl 01-th-500 Present Value (of an Ordinary Annuity of 1: 90.6.1 1 .596 0.985222 1 .955883 2.912200 3.854385 4982645 5.699189 6.59821 4 9.485925 8.36051 9 9.222185 1 0.091 1 1 8 1 0.909505 1 1 .931532 1 2.543382 1 3.343233 4096 0.961538 1 .886095 2.995091 3.629895 4.451822 5.2421 39 6.002055 6.932945 9.435332 8.1 10896 8.960499 9.385094 9.985648 10.5631 23 1 1 .1 1 8389 4.596 0.956938 1 .89 2668 2.948964 3.589526 4389999 5.159892 5.892901 6.595886 9.268990 9.91 291 8 8.52891 9 9.1 1 8581 9.682852 1 0.222825 1 0.939546 5 .036 0.952381 1 .859410 2.923248 3.545951 4.329499 5.095692 5.986393 6.463213 9.1 09822 9.921 935 8.306414 8.863252 9.393593 9.898641 1 0399658 5.596 0.949869 1 .846320 2.699933 3.505150 4.290284 4.995530 5.682969 6.334566 6.952195 9.539626 8.092536 8.618518 9.119099 9.589648 10.039581 61.036 0.943396 1.833393 2.693012 3.465106 4212364 4.919324 5.582381 6.209994 6.801692 9.360089 9.886895 8.383844 8.852683 9.294984 9.912249 9.096 0.934599 1 .808318 2624316 3.389211 4.100199 4.966540 5 389289 5.991299 6 .51 5232 9 .023582 9 .498694 9.942686 8 .359651 8.945468 9 .1 09914 WNNNNNNNNNN-I-I-i-l oomua~mhwwdoomua~ 3 On'hle'LJ'l-I'IWN-I -_|._|._|_|_n_|._n_|._n._| D~cmua~uhwm-o~o 1 4.1 31264 1 4909649 1 5.692561 1 6.426168 1 9.1 68639 1 9.900139 1 8.620824 1 9.330861 20.030405 20.91961 1 21 .398632 22.06961 9 22.92691 9 23396096 24015838 8096 0.925926 1 .983265 2.599099 3.312129 3.992910 4.622880 5.206390 5.946639 6.246888 6.910081 9.138964 9.536098 9.903996 8.244239 8.559499 8.851369 9.121638 9.391889 9.603599 9.818149 10.016803 11.652296 12.165669 12.659299 13.133939 13.590326 14.029160 14451115 14.356842 15.246963 15.622080 15.962769 16.329586 16.663063 16.983915 11292333 9.056 0.919431 1 .9591 1 1 2.531295 3.239920 3.889651 4485919 5.032953 5.534819 5.995249 6.419658 6.8051 91 9.1 60925 9.486904 9.9861 50 8.060688 8.312558 8.543631 8.955625 8.9501 15 9.1 28546 9.292244 1 1.234015 1 1 .909191 1 2.159992 1 2.593294 1 3.009936 1 3.404924 1 3.984425 1 4149995 1 4.495498 1 4828209 1 5.14661 1 1 5.451 303 1 5.942894 1 6.021 889 1 6.288889 1 0.036 0.909091 1 .935539 2.486852 3.169865 3.990989 4.355261 4.868419 5.334926 5.959024 6.144569 6.495061 6.81 3692 9.103356 9.366689 9.606080 9.823909 8.021553 8.201912 8.364920 8.51 3564 8.648694 1 0.839 990 1 1 .294066 1 1 .689589 1 2.085321 1 2 .462210 1 2.821 153 1 3.1 63003 1 3.488594 1 3.998642 1 4.093945 1 4.3951 85 1 4.643034 1 4.8981 27 1 5.1 41 094 1 5.392451 1 2 .096 0.892859 1 .690051 2.401 831 3.039349 3.604996 41 1 1 409 4563959 4969640 5.328250 5.650223 5.939699 6.1 94394 6.423548 6.628168 6.810864 6.993986 9.1 19630 9.249690 9.365999 9.469444 9.562406 10.462162 10.864609 11.246094 11 .609654 11.950382 12.295244 12.583190 12.895042 13.151699 13.413933 13.662495 13.898100 14.121422 14.333101 14.533945 14.096 0.899193 1 .646661 2321632 2.91 39 12 3.433081 3.888668 4.288305 4.638864 4.946392 5 .21 61 16 5.452933 5.660292 5.842362 6.002092 6.1 42168 6.265060 6.392859 6.469420 6.550369 6.623131 6.686959 10.105895 10.499260 10.829603 1 1.158116 11.469921 11.964099 12.041582 12.303399 12.550358 12.983356 13.003166 13.210534 13.406164 13.590921 13.964831 16.096 0.862069 1 .605232 2.245890 2 .9981 81 3 .29 4294 3.684936 4.038565 4.343591 4.606544 4.833229 5.028644 5.1991 09 5.342334 5.469529 5 .59 5456 5.668499 5 .9489 04 5 .81 9848 5 .89 9455 5.928841 5 .9931 39 9.446649 9.963223 10.059089 10.335595 10594014 10835529 11 .061240 11 292189 11 .469334 11 653583 11 825999 11 .986909 12.1391 11 12.299694 12.409041 18.096 0.849458 1.565642 2.194293 2.690062 3.129191 3.499603 3.811528 4099566 4.303022 4494086 4.656005 4993225 4909513 5.008062 5.091598 5.162354 5.222334 5.293164 5.316241 5.352946 5.383683 WNNNNNNNN OQOIHIO'LUI-F-WN 10.201044 10.391059 10.528958 10.694996 10.839998 10.935165 11 .051098 11 .158406 11 .259983 9.442425 9.580209 9.906612 9.822580 9.928992 1 0.026580 1 0.1 16128 1 0.1 98283 1 0.293654 8.991540 8.883218 8.984944 9.099040 9.160945 9.239223 9.306569 9.369606 9.426914 9.644646 9.918434 9.98431 6 9.843139 9.895660 9.942554 9.984423 8.021 396 8.055184 6.942944 6.992056 6.835139 6.892929 6.906099 6.935155 6.960662 6.983039 9.002664 6.011326 6.044249 6.092629 6.099092 6.118183 6.136364 6.152038 6.165550 6.199198 5.409901 5.432120 5.450949 5.466906 5.48.9429 5.491889 5.501601 5.509831 5.516806
