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Sheridan Company issues $4940000, 6%, 5-year bonds dated January 1, 2020 on January 1, 2020. The bonds pay interest semiannually on June 30 and December
Sheridan Company issues $4940000, 6%, 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 5%. What are the proceeds from the bond issue? 2.5% 3.0% 5% 6% 0.88385 0.86261 0.78353 0.74726 0.781200.74409 0.61391 0.55839 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 4.64583 4.57971 4.32948 4.21236 8.75206 8.530207.72173 7.36009 O $4940000 O $5156183 O $5153868 O $5154683
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