Question
sheridanCorp. issued $440,000of10-year,5% bonds with interest payable semi-annually. How much didSheridanreceive from the sale of these bonds if the market interest rate was (a)4%, (b)5%,
sheridanCorp. issued $440,000of10-year,5% bonds with interest payable semi-annually.
How much didSheridanreceive from the sale of these bonds if the market interest rate was (a)4%, (b)5%, and (c)6%?(For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round final answer to 0 decimal places, e.g. 5,275.)
Click here to view the factor table. Present Value of 1
Click here to view the factor table. Present Value of an Annuity of 1
(a)4%$
enter a dollar amount rounded to 0 decimal places
(b)5%$
enter a dollar amount rounded to 0 decimal places
(c)6%$
enter a dollar amount rounded to 0 decimal places
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