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When the market rate of interest was 12%, Halprin Corporation issued $521,000, 11%, 10-year bonds that pay interest annually. Use the present value tables below.

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When the market rate of interest was 12%, Halprin Corporation issued $521,000, 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 Period 54 65 105 Periode 1 0.94340 1 0.95238 00458 0.90703 07344 1 THE I 17354 0.15 ON 06 . 37135 1670 4 0.32270 6.7939 0.10 BE 154 12 5 6 014632 0.70196 50756 491712 2 0.66506 051316 7 0.67614 06141 0.58301 0.400 6.46311 630079 9 06 0549 047410 9 7.1073 5.79900 10 0.61991 0.550 7.72174 730009 614457 Periode 11.55 12.05 Per SI 1 0 000 0.766 09336 ORK 000 2 03116 080136 0.79719 7 17111 HE FIRE 073119 072100 0.71178 3 4 055873 0646 . 063552 SO HOVE SPOSO WONO 5 6 LIT 6 056 052042 423054 7 WW 6.4664 015 IVO 6 ECO 037543 TACO SACO 10 a $520,998 b. $2,962,217 c. $3,088,472 d. $491,560

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