Question
When the market rate of interest was 12%, Halprin Corporation issued $777,000, 11%, 10-year bonds that pay interest annually. Use the present value tables below.
When the market rate of interest was 12%, Halprin Corporation issued $777,000, 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 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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a.$776,996
b.$4,606,033
c.$733,095
d.$4,417,740
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