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Sheffield Corp. issues $5010000,7%, 5-year bonds dated January 1, 2020 on January 1, 2020. The bonds pay interest semiannually on June 30 and December 31.
Sheffield Corp. issues $5010000,7%, 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 6%. What are the proceeds from the bond issue? 3.0% 3.5% 6% 7% 0.86261 0.84197 0.74726 0.71299 0.74409 0.70892 0.55839 0.50835 Present value of a single sum for 5 periods Present value of a single sum for 10 periods Present value of an annuity for 5 periods Present value of an annuity for 10 periods 4.57971 4.51505 4.21236 4.10020 8.53020 8.31661 7.36009 7.02358 $5221346 $5223661 $5222161 $5010000
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