When the market rate of interest was 12%, Halprin Corporation issued $206,000, 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 to Be Paid in the Future Present Value of a Series of 1 Payments to Be Paid in the Future Periods 5% 6% 7% 10% Periods 5% 6% 7% 105 1 0.95238 0.94340 0.93458 0.90909 1 695218 094340 093458 090909 2 090703 0.89000 0.87344 0.82645 2 1.85941 183339 130802 1.73554 3 0.86384 0.83962 081630 0.75132 2.72325 267301 263432 248685 4 082270 0.79209 0.76290 068301 354595 346511 338721 336987 S 0.78353 0.34726 0.71299 062092 432948 421236 410030 179079 0.74622 0.70496 0.66634 0.56447 6 5.07569 491732 4.36654 4.35526 7 0,71068 0.66506 0.62275 0313161 7 578637 558238 5.34929 436842 0.67684 0.62741 058201 0.46651 646321 60609 5.97130 533493 9 064461 0.39190 034395 042410 7.10782 6.80169 631323 3.55902 10 0.61391 055840 0.50835 0.38554 10 7.72174 736009 702338 6.14457 Periods 11.0% 11.5% 12.0% 12.5% Periods 11% 11.5% 12% 12.5% 0.90090 0.89686 0.89286 0.88889 1 0.900901 0.89686 0.89286 0.88889 2 0.81162 0.80436 0.79719 0.79012 2 1.71252 1.70122 169005 1.67901 3 0.73119 0.72140 0.71178 0.70233 3 244372 2.42262 240183 2.38134 4 0.65873 0.64699 0.63552 0.62430 4 3.10245 306961 3013735 3.00564 0.59345 0.58026 0.56743 055493 5 3.69590 3.64988 360478 356057 6 0.53464 0.52042 0.50663 049327 6 4.23054 4,17029 431141 405354 7 0.48166) 0.46674 045235 0.43846 7 4.71220 4.63704 456376 4.49230 0.43393 0.41860 040188 0.38974 534612 505564 496764 438205 9 0.39093 0.37543 0.36061 0.34644 5.53705 5431061 332825 522849 10 0.35218 033671 0.32197 0.30795 10 5.88923 336777 5.65022 53360 Oa. $194,360 Ob. $1,171,241 Oc. $205,999 Od. $1,221,162