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On January 2, 2020, Marigold Corp. wishes to issue $6600000 (par value) of its 6%, 10-year bonds. The bonds pay interest annually on January 1.

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On January 2, 2020, Marigold Corp. wishes to issue $6600000 (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 Marigold will realize from the sale (issuance) of the bonds. 0.5584 0.3220 Present value of 1 at 6% for 10 periods Present value of 1 at 12% for 10 periods Present value of an ordinary annuity at 6% for 10 periods Present value of an ordinary annuity at 12% for 10 periods 7.3601 5.6502 $4362679 $7920048 $7299772 $7920000

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