When the market rate of interest was 12%, Halprin Corporation issued $586,000, 11%, 10-year bonds that pay interest annually. The selling price of this bond issue was? Use the present value tables in Exhibit 8 and Exhibit 10. a. $3,331,783 b. $3,473,790 c. $585,997 d. $552,888

2. Sabas Company has issued and outstanding 34,000 shares of $100 par, 2% preferred stock and 81,000 shares of $50 par common stock. The following amounts were distributed as dividends: Year 1 $513,000 Year 2 442,000 Year 3 502,000 Determine the dividend per share for preferred and common stock for each year. If required, round your answers to two decimal places. Dividend per share: Year 1 Year 2 Year 3 Preferred stock $fill in the blank 1 $fill in the blank 2 $fill in the blank 3 Common stock $fill in the blank 4 $fill in the blank 5 $fill in the blank 6

3.

On January 1 of the current year, Barton Corporation issued 12%, 5-year bonds with a face value of $118,000. The bonds are sold for $112,100. The bonds pay interest semiannually on June 30 and December 31, and the maturity date is December 31, 5 years from now. Barton records straight-line amortization of the bond discount. The bond interest expense for the current year ended December 31 is

a.$15,930

b.$7,080

c.$590

d.$15,340

4.

When the market rate of interest was 12%, Halprin Corporation issued $586,000, 11%, 10-year bonds that pay interest annually. The selling price of this bond issue was?

Use the present value tables in Exhibit 8 and Exhibit 10.

a.$3,331,783

b.$3,473,790

c.$585,997

d.$552,888