Testbank Multiple Choice Question 63 Concord Corporation issues $5070000,4%, 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 3%. What are the proceeds from the bond issue? 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 1.54 0.92826 0.86167 4.78264 9.22218 2.0 0.90573 0.82035 4.71346 8.98259 3% 0.86261 0.74400 4.57971 8.53020 4% 0.8219 0.67556 4.45182 8.11090 $5303796 $5301481 $5302296 55070000 Click if you would like to Show Work for this question: Open Show Work