Safron Corporation issues 6%, 10-year bonds with a face amount of $50,000. The market interest rate is 7% Interest is paid semiannually. At wh price will the bonds issue? Roand your answer to the nearest whole dollar (Present value tables are provided below.) TABLE 2 Present Value of 1 PV Atos 455 . vt wt wat NO 11 NO O O O O O O 0000 000 VICIO DO SO OD SI DINWOHL ORINO CONO IO NO ONYO COMO SISTE ZOO OOO OOO MW SEZO WINDOSSO DO SIS SUSAN ONZE 779 02 0257 070464 1 1 6 4 11 500 000 744 062225 10 01001 0616006241 0020 070050020 064461 0050190550) SCOOOOOOOOOOOOO GOS.LVO O O O O O O VINO OG GODT 1410 O O O O O OOO HO DO YOON SO B tuwa SHOCO TWO TWO CASO DE LOS COMO TO W OSLO W WOW HE WOODS WIR LED TABLE4 Present Value of an ordinary Annuity of $1 PVA = 10 20% 2.55 3.0% 3.5% 4.0% 4.9 5.0% 5.9 GOS 7.0% 1 099010 522 0.00030 0.97561 097087 0.96618 0.06154 0.95694 0.95238 094787 0944340 0.91458 2 1.97040 SSSR 104156 192742 191347 1.899600600 1.87267 1.85041 184632 183319 1.80802 3 2.04090 291220 283 285602 282861 2.80164 2.77509 274896 2.72325 2.60793 267301 262432 4 390197 385438 3.80777 3.76197 3.71710 367308 3.62990 3.58753 254505 3.50515 3.46511 2.38721 5 48530478064 471346454580457971451506 445182 4.389984.32048 427028 421236 4.10020 65.79548 560719 5.5010550813 5.41719 532855524214 5.15787507560 4.00553 401732 476654 7. 6.72810 650021 6.47199 6.34930622028 6.11454 6.00205 5.80270 578637 566297 558238 538920 8 7651687.450 732548 7.17014 701900687396 673274650580 6.46321 673457 6.20979 597130 56602 8.36052 8. 162247.970877.78611 760760 7.43523 7.268797.10782 695220 6.80169 6.51527 10 947130 9.22218 8.98250 8.75206 853020 8.31661 8.11090 791272 7.72173753763 736000 702358 11 10.36763 1007112 9.78685951421 9.252629.00155 8.76048 8.52892 8.30641 8.09254 788687 7.49067 12 11.25508 10.90751 10.57534 1025776 9.95400 9.6633 938507 9. 11858 8.86325 8.61852 8.38384 794269 13 12.13274 1173153 11.34837 10.98319 1063496 10.70274 9.98565 968285 9.39357 9.11708 8.85268 3.35265 14 1300370 1254338 12.10625 11.69091 11.29607 1092052 10.56312 10.22283 9.89864 0.58065 9.29498 8.74547 15 13.6505 12:34123 12.84926 12.38138 11.93794 11.51741 11.11830 10.73955 10.379661000758 971225 10791 16 1471787 14.13126 1357771 12.05500 1256110 12.09412 11.65230 11.23402 1083777 10.46216 10.10500 9.44665 17 15.56225 1490765 1429187 1371220 13.16612 12,65132 12. 16567 11.70719 11 27407 10.86461 10.47726976322 18 16.30627 15.67256 14.99203 1435336 13.75351 12.18968 12.65930 12.15999 1158950 11.24607 10.82760 10.05009 19 1722601 16.42617 15.67846 1497889 14.32380 13.70984 13.13394 1259329 12.08532 11.60765 11.15812 10.33560 20 1804555 17.16854 16.35149 1558016 14.87747 1421240 13.50033 13.00794 1246221 11.95038 11.46992 10.50401 O $28,812 O $47,921 O $46,447 O $50,000
