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Oriole Company issues $25300000, 8%. 5-year bonds dated January 1, 2020 on January 1, 2020. The bonds pay interest semiannually on June 30 and December

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Oriole Company issues $25300000, 8%. 5-year bonds dated January 1, 2020 on January 1, 2020. The bonds pay interest semiannually on June 30 and December 31. The bonds are issued to yield 7%. What are the proceeds from the bond issue? 3.5% 4.0% 7% 89 0.84197 0.82193 0.71299 0.68058 0.70892 0.67556 0.50835 0.46319 Present value of a single sum for 5 periods Present value of a single sum for 10 periods Present value of an annuity for s periods Present value of an annuity for 10 periods 4.51505 4,45182 4.10020 3.99271 8.31661 8.11090 7.02358 6.71008 O 526352085 $26340510 525300000 $26344580

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