When the market rate of interest was 12%, Halprin Corporation issued $518,000, 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% 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 086384 083962 0.81630 0.75132 3 2.72325 2.67301 2.62432 2.48685 0.82270 0.79209 876290 76290 0.68301 4 3.54595 3.46511 3.38721 3.16907 0.78353 0.74726 0.71299 0.62092 S 4.32948 421236 4.10020 3.79079 0.74622 0.70496 0.66634 0.56447 6 5.07569 4.91732 4.76654 4.35526 0.71068 0.66506 0,62275 0.51316 7 5.78637 5.58238 5.38929 4.06842 0.67654 0.62741 0.58201 0.46651 8 646321 6.20979 5.97130 5.33493 9 064461 0.59190 0.54393 0.42410 7.10782 6.80169 651523 5.75902 10 0.61391 055840 050835 0.38554 10 7.72174 7.36009 7.02358 6.14457 Periods 11.0% 11.5% 12.0% 12.5% Periods 11% 11.5% 12% 12.5% Next 3:06 PM 12/11/20 10 0.61391 0.55840 0.50835 0.38554 10 7.72174 7.36009 7.02358 6.14457 Periods 11.0% 11.5% 12.0% 12.5% Periods 11% 11.5% 12% 12.5% 1 0.90090 0.89686 0.89286 0.88889 1 0.90090 0.89686 0.89286 0.88889 2 0.81162 080436 0.79719 0.79012 2 1.71252 1.70122 1.69005 1.67901 3 0.73119 0.72140 0.71178 0.70233 3 2.44372 2.42262 240183 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 0.55493 5 3.69590 3.64988 3.60478 3.56057 6 0.53464 0.52042 0.50663 0.49327 6 4.23054 4.17029 4.11141 4.05384 7 0.48166 0.46674 0.45235 0.43546 7 4.71220 4.63704 4.56376 4:49230 8 0.43393 0.41860 0.40383 0,38974 8 5.14612 5.05564 4.96764 4 88205 9 0.39093 0.37543 0.36061 0.34644 9 5.53705 5.43106 532825 5.22849 10. 0.35218- 0.33671 0.32197 0.30795 10 5.88923 5.76777 5.65022 5.53643) a. $2,945.160 Ob. $488.730 Oc. $3,070,688 Od. $517,998 a Nex