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On January 2, 2020, Bramble Corp. wishes to issue $5800000 (par value of its 6%, 10-year bonds. The bonds pay interest annually on January 1.

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On January 2, 2020, Bramble Corp. wishes to issue $5800000 (par value of its 6%, 10-year bonds. The bonds pay interest annually on January 1. The current yield rate on such bonds is 12% Using the interest factors below.compute the amount that Bramble will realize from the sale (issuance of the bonds. Present value of at 6% for 10 periods 05584 Present value of 1 at 12% for 10 periods 0.3220 Present value of an ordinary annuity at 6% for 10 periods 7.3601 Present value of an ordinary annuity at 12% for 10 5.6502 periods S6260042 4414951 3833870 $6960000

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