When the market rate of interest was 12%, Halprin Corporation issued $723,000, 11%, 10-year bonds that pay interest annually. Use the present value tables below. The selling price of this bond issue was? Present Value of 1 Present Value of a Series of 1 Payments to Be Paid in the Future to Be Paid in the Future Periods 5% 6% 7% 10% Periods 5% 6% 7% 10% 1 0.95238 0.94340 0.93458 0.90909 1 0.95238 0.94340 0.93458 0.90909 2 0.90703 0.89000 0.87344 0.82645 2 1.85941 1.83339 1.80802 1.73554 3 0.86384 0.83962 0.81630 0.75132 3 2.72325 2.67301 2.62432 2.48685 4 0.82270 0.79209 0.76290 0.68301 4 3.54595 3.46511 3.38721 3.16987 5 0.78353 0.74726 0.71299 0.62092 5 4.32948 4.21236 4.10020 3.79079 6 0.74622 0.70496 0.66634 0.56447 6 5.07569 4.91732 4.76654 4.35526 7 0.71068 0.66506 0.62275 0.51316 7 5.78637 5.58238 5.38929 4.86842 8 0.67684 0.62741 0.58201 0.46651 8 6.46321 6.20979 5.97130 5.33493 9 0.64461 0.59190 0.54393 0.42410 9 7.10782 6.80169 6.51523 5.75902 10 0.61391 0.55840 0.50835 0.38554 10 7.72174 7.36009 7.02358 6.14457 Periods 11.06 12.0% 12.55 Periods 115 11.5% 125 12.5% 1 1 0.90000 0.84686 D.RRR9 1 0.90090 0.8966 0.89286 C.AAAA 2 (181162 DA46 (17919 0.7X112 2 1.712.52 1.90122 1. ONS 1.67001 3 073119 0.72140 0.71178 0.70233 3 244372 2.42262 2.400183 2 38134 4 0.65873 0.61699 0.63552 0.62430 4 3.10245 3.06961 303735 3.00564 S 0.59345 0.58026 0.56743 0.55493 5 3.69590 3.61988 3.60478 3.56057 6 0.53461 0.52042 0.50663 0.49327 6 6 4.23054 4.17029 4.05384 7 0.48166 0.46674 0.45225 0.43846 7 4.71221 4.03204 4.56376 4.492.30 8 (1.43394 D.4186 (1.40RR 0.38974 X 5.14612 SI564 4.6264 4.88215 0.39079 0.37549 (3041 0.34644 9 5.53705 5.43106 5.32825 5.22849 10 0.35218 0.33671 0.32197 0.30795 10 5.88923 5.76777 5.69022 5.53613 a. $4,110,715 b. 5682,146 c. $722,997 d. $4,285,922