When the market rate of interest was 12%, Halprin Corporation issued $269,000, 11%, 10-year bonds that pay interest annually. Use the present value tables below. The selling price of this bond issue was

Periods 5% 5% Periods 5% 095238 094340 093458 0.90909 2 1.8594 183339 80802 1.73554 3 2.72325 2.67301 2.62432 248685 4 3.54595 346511 3.3872 3.16987 5 4.32948 4.2126 4.10020 3.79079 507569 4.91732 4.76654 4.35526 7 5.786375,58238 38929 486842 8 6.46321 .20979 5.97110 5 31493 7.10782 6.80169 6.51523 5.75902 10 7.72174 7.36009 702358 6.14457 095238 094340 093458 0.90909 2 090703 0.89000 087344 0.82645 3 0.8634 083962 081630 0.75132 4 0.82270 0.79209 0.76290 0.6830 0.78353 0.74726 0.71299 0.62092 6 0.74622 070496 066634 0.56447 7 0.71068 066506 042275 0.51316 058201 0.46651 9 06461 0.59190 0.54393 0.42410 0 0139 55840 50835 0.38554 5 Periods 11.0% 11.5% 12.5% Periods 11% 12% 12.5% 0.90090 0.896860,89286 088889 2 1.71252 70122 169005 167901 3 244372 242262 240183 238134 3.10245 30696 3.03735 300564 5 3.69590 364988 3.60478 356057 6 4.23054 .17029 4.1114 405384 4.71220 4.63704 456376 449210 8 5.14612 505564 496764 488205 9 5.53705 543105 532825 22849 10 5.88923 5.76777 5.65022 551643 11.5% 1 090090 0.89686 0.89286 0,8H889 2 0.81162 0.80436 0.79719 0.79012 3 0.73119 0.72140 0.71178 0.70233 4 065873 064699 063552 0.62430 5 059345 058026 056743 0.55493 6 0.53464 0.52042 050563 049327 048166 0.46674 045235 0.43846 8 043393 041 860 0 039093 0.37543 .36061 0.34644 0 035218 033671 032197 0.10795