When the market rate of interest was 12%, Halprin Corporation issued $651,000, 11%, 10-year bonds that pay interest annually. The selling price of this bond issue was? Use the present value tables in Exhibits and Exhibit:10 Os $650,997 Ob. $3.859.100 Oc $614.215 Od. $3.701,349 Present Value of 51 at Compound Interest EXHIBIT 8 Periods 1 2 3 4 5 6 2 5 . 10 49 0.96154 0.92456 0.88900 0.85480 0.82193 0.79031 0.75992 0.73069 0.70259 0.67556 44% 0.95694 091573 0.87630 0.83856 0.30245 0.76790 0.73483 070319 0.67290 5% 0.95238 0.90703 0.86384 0.82270 07835 0.74622 0.71068 0.57684 0.54461 061391 57% 094787 0.89845 0.85161 080722 0.76512 0.72525 0.68744 065160 0.61763 058543 0.94340 089000 0.83962 0.79209 0.74726 070496 0.66506 0.62741 0.59190 035899 69% 0.93892 0.88166 0.82785 0.77732 0.72988 0.68533 0.64351 0.60423 0.56735 0.5233 796 0.93458 0.87344 081630 0.76290 0.71299 066634 0.62275 0.58201 05393 0.50835 10% 0.90909 0.82645 0.75131 0.68301 0.62092 056447 051316 046651 042410 018554 119 0.90090 081162 0.73119 0.65873 059345 0.53464 0.48166 043393 039092 035218 12% 0.89286 0.79719 0.71178 0.63552 0.56743 0.50663 045235 040388 036061 032197 13% O.RS406 0.78315 0.69305 0.61332 0:54276 0.48032 0.42506 037616 0.33288 0.29459 EXHIBIT 10 Present Value of an Annuity of $1 at Compound Interest Periods 1 2 3 49% 0.96154 1.88509 2.77509 3.62990 445182 5.24214 6.00205 6.73274 743533 8.11090 412% 0.95694 1.87267 2.74896 3.58753 438998 5.15787 5.89270 6.59589 7.26879 791272 59 0.95238 1.85941 2.72325 3.54595 432948 5.07569 5.78637 6.46321 7.10782 772173 51% 0.94787 1.84632 2.69793 3.50515 4.27028 4.99553 5.68297 633457 6.95220 7.53763 6% 0.94340 1.83339 267301 3.46511 4.21236 491732 5.58238 6.20979 6.80169 7336009 5 6 7 8 9 10 64296 0.93897 182063 2.64848 3.42580 4.15568 484101 548452 6,08875 6.65610 7.18883 7% 0.93458 1.80802 262432 3.38721 4.10020 4.76654 5:38929 5.97130 651523 7.02358 10% 0.90909 1.73554 2.48685 3.16987 3.79079 4.35526 4.86842 533493 5.75902 6.14457 11% 0.90090 1.71252 2.44371 3.10245 3.69590 4.23054 471220 5.14612 5.53705 5.88923 12% 0.89286 1,69005 2.40183 3.03735 3.60478 4.11141 456376 4.96764 532825 5.65022 139 0.88496 1.66810 2.36115 2.97447 3.51723 3.99755 4.42261 479677 5.13166 5.42524