stion 34 yet wered On 1/1/2016 Assume that Co issues 8% $200,000 bonds, due in five years for 208,386.76. the interest is paid annually at the end of each year, the market rate is 6% assume that the company uses the effective rate method for amortizing the discount or premium, the interest expense for the year 2017 is : ked out of Flag question Select one: o a. 16,000 b. 16,670.94 c. 12,503.2 d. 12,293.39 Downing Company issues $5,000,000, 6%, 5-year bonds dated January 1, 2015 on January 1, 2015. 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% 5.0% 6.0% Present value of a single sum for 5 periods .883850 .86261 .78353 .74726 Present value of a single sum for 10 periods .78120 .74409 .61391 .55839 Present value of an annuity for 5 periods 4.64583 4.57971 4.32948 4.21236 Present value of an annuity for 10 periods 8.75206 8.53020 7.72178 7.36009 Select one: a. $5,217,308 b. $5,218,809 O c. $5,000,000 d. $5,216,494