When the market rate of interest was 12%, Halprin Corporation issued $351,000, 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. Oa. $350,998 Ob. $2,080,717 Oc. $1,995,658 Od. $331,166 EXHIBIT 10 Present Value of an Annuity of $1 at Compound Interest Periods 1 2 3 4 5 6 7 4% 0.96154 1.88609 2.77509 3.62990 3.02990 4.45182 ** 104 5.24214 6.00205 6.73274 743533 8.11090 472% 0.95694 1.87267 4.1030 2.74896 3.58753 5.3073 4.38998 090 5.15787 5.89270 6.59589 7.26879 7.91272 5% 0.95238 1.85941 2.72325 212323 3.54595 4.32948 w 5.07569 5.78637 6.46321 7.10782 7.72173 572% 0.94787 1.84632 1.84632 2.69793 2.097 3.50515 www 4.27028 4.99553 5.68297 6.33457 6.95220 7.53763 6% 0.94340 1.83339 2.07301 2.67301 3.46511 SOS 4.21236 W1430 4.91732 5.58238 6.20979 6.80169 7.36009 672% 0.93897 1.82063 2.64848 207070 SA2500 3.42580 4.15568 4.84101 5.48452 6.08875 6.65610 7.18883 7% 0.93458 1.80802 2.62432 3.38721 4.10020 4.76654 5.38929 5.97130 6.51523 7.02358 10% 0.90909 1.73554 *** 2.48685 246002 3.16987 10 3.79079 2019 4.35526 4.86842 5.33493 5.75902 6.14457 11% 0.90090 1.71252 "1234 2.44371 3.10245 3.10275 3.69590 1.0950 4.23054 4.71220 5.14612 5.53705 5.88923 12% 0.89286 1.69005 2.40183 3.03735 w 3.60478 wowo 4.11141 4.56376 4.96764 5.32825 5.65022 13% 0.88496 1.66810 1.000 2.36115 2.97447 22* 3.51723 351/25 3.99755 4.42261 4.79677 5.13166 5.42624 8 9 9 10 Present Value of $1 at Compound Interest EXHIBITS Periods 4% 5% 572% 13% 1 12% 0.89286 0.79719 2 3 4 5 0.96154 0.92456 0.88900 0.85480 0.82193 0.79031 0.75992 0.73069 0.70259 0.67556 472% 0.95694 0.91573 0.87630 0.83856 0.80245 0.76790 0.73483 0.70319 0.67290 0.64393 0.95238 0.90703 0.86384 0.82270 0.78353 0.74622 0.71068 0.67684 0.64461 0.61391 0.94787 0.89845 0.85161 0.80722 0.76513 0.72525 0.68744 0.65160 0.61763 0.58543 6% 0.94340 0.89000 0.83962 0.79209 0.74726 0.70496 0.66506 0.62741 0.59190 0.55839 672% 0.93897 0.88166 0.82785 0.77732 0.72988 0.68533 0.64351 0.60423 0.56735 0.53273 7% 0.93458 0.87344 0.81630 0.76290 0.71299 0.66634 0.62275 0.58201 0.54393 0.50835 10% 0.90909 0.82645 0.75131 0.68301 0.62092 0.56447 0.51316 0.46651 0.42410 0.38554 11% 0.90090 0.81162 0.73119 0.65873 0.59345 0.53464 0.48166 0.43393 0.39092 0.35218 0.88496 0.78315 0.69305 0.61332 0.54276 0.48032 0.42506 0.37616 0.33288 0.29459 0.71178 0.63552 0.56743 0.50663 0.45235 0.40388 0.36061 0.32197 6 7 8 9 10