When the market rate of interest was 12%, Halprin Corporation issued $255,000, 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% 65 75 10% 1 095238 094340 093458 090909 1 01.95238 094340 093458 090909 2 090703 0.87344 082645 2 1.85941 1.83339 1.80802 1.73554 3 0.86384 083962 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 h 0.74622 0.70496 06614 0.56447 6 5.017560 491732 4.76654 4.35526 7 0.71068 0.66516 0.62275 051316 7 5.78637 5.58238 5.38929 436842 8 0.67684 0.62741 0.58201 0.46651 8 6.46321 6.20979 5.97130 533493 9 0.64461 0.59190 0.54393 0.42410 9 7.10782 6.80169 6.51523 5.75902 10 0.61391 055840 0.50835 038554 10 7.72174 7.36009 702358 6.14457 Periods 11.0% 11.5% 120% 12.5% Periods 11% 11.5% 125 12.5% 1 090090 089686 0.89286 0.88889 1 0.90090 089686 089286 088889 2 0.81162 020436 0.79719 0.79012 2 1.71252 1.70122 169005 1.679011 3 0.33119 0.32140 0.71178 0.00233 3 2.44372 2.42262 2.40183 2.38134 4 0.65873 0.64699 0.63552 0.62430 4 3.10245 3.06961 3.03735 3.00564 5 0.59345 0.58026 0.56743 055493 5 3.69590 3.61988 3.60478 3.56057 6 0.33464 0.32042 0.50663 049327 6 4.23054 4.17029 4.11141 405384 7 048166 0.46674 0145235 0.43846 T 4.71220 4.63704 4.56376 4.4923 8 043393 0.41860 0.40388 0.38974 8 5.14612 5.05554 4.96764 488205