When the market rate of interest was 12%, Halprin Corporation issued $512,000, 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% 79 10% Periods 5% 6% 7% 10% 1 0.95238 094340 0.93458 0.90909 1 0.95238 094340 0.93458 0.90909 2 0.90703 0.39000 0.87344 0.82645 2 1.85941 183339 180802 1.73554 3 0.86384 0.83962 0.81630 0.75132 3 2.72325 2.67301 2.62432 2.48685 4 0x2270 0.79309 0.76290 068301 4 3.54595 346511 338721 3.16987 5 0.78353 0.74726 0.71299 062092 5 4.32948 4.21236 4.10020 3.79079 6 0.74622 0.70496 006634 0.56447 6 5.07569 4.91732 4.76654 4.35526 7 0.71068 066506 0.62275 031316 7 5.78637 558238 5.38929 436842 N 0.67684 062741 0.58201 0.46651 A 6.46321 6.20979 5.97130 5.33493 064461 0.59190 0.54393 0.42410 9 7.10782 6.80169 6.51523 5.75902 061301 055840 0.50x35 0.38554 10 7.72174 736009 702358 6.14457 Periods 11.0% 11.5% 12.0% 12.5% Periods 11% 11.5% 12% 125% T 0.90090 0.89686 0.89286 088889 0.90090 0.89686 089286 0.38889 2 0.81162 0.80436 0.79719 0.79012 1.71252 1.70122 1.69005 1.67901 073119 0.72140 0.71178 0.70233 2.44372 2.42262 240183 2.38134 0.65873 0.64699 0.63552 0,62430 3.10245 3.06961 3.03735 3.00564 0.59345 0.58026 0.56743 0.55493 3.69590 3.64988 3.60478 3.56057 0.53464 0.52042 0.50663 049327 4.23054 4.17029 4.11141 4.05384 0.48166 0.46674 045235 0.43846 4.71220 4.63704 4.56376 4.49230 0.43393 0.41860 0.40388 0.38974 5.14612 5.05564 496764 4.88205 0.39093 0.37543 0.36061 0.34644 5:53705 5.43106 5.32825 5.22849 10 035218 0.33671 0.32197 0.30795 10 5.88923 5.76777 5.65022 5.53643 a. $3,035,121 b. 5483,069 c. $511,998 d. $2,911,046