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will rate answer!! Thank you! :) When the market rate of interest was 12%, Newman Corporation issued $346,000, 11%, four-year bonds that pay interest semiannually.
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Thank you! :)
When the market rate of interest was 12%, Newman Corporation issued $346,000, 11%, four-year bonds that pay interest semiannually. Determine the selling price of this bond issue. Use the present value tables below. Present Value of SI Present Value of a series of $1 Payments to Be Puld in the Future to Be Paid in the Future Periods 5.05 5.55 65% Periods 55 5.5% 69 654 1 $0.952381 $0.947867 $0.935467 1 $0.952281 S0.947867 $0.943395 $0.938957 1 S0 907029 $0.98692 $ 88900 90881659 1 SI 899110 SLR16320 $L39993 $1820626 E Sn.MX $0.11617 $0.439619 90x27549 .1 52.723248 52.10933 $2.674012 $2648476 4 SU.S22712 $0.807217 $0.992 $0.97723 4 ICATS ES $3.500 150 $3.466106 $5.4257 5 $0.780526 $0.766134 $0.747258 $0.92951 $1329122 $1.2024 $42.2361 $1.155679 G STAS $0.725246 $9.704061 685114 6 55 075442 $4 0019 $4017824 $4841014 7 L $11.7100X1 $.1.407437 $ $0.662157 WISTOS 7 55741 SS $5.542381 $5.484530 $0.670839 $ $0.68 1599 $0.622412 $0.004231 & $0.46.3213 S6.534566 $6.209794 $ $6248751 9 $0.61-1609 $0.617629 96915505 90.567353 9 S7 107822 S6952195 $6.801692 $6.666101 10 $1.613913 $ $9.58.3411 0.558 101 VULZES OG in 57 721735 S7.517626 $7.540RT $7.18 Periods 11.05 1135 12.05 Periods 11% 11.5% 12% 12.55 1 106006US $0.06861 LOUS RRRO 1 SO 9001 1994 US $0.92RST $ ORRO 2 2 SII.X11622 $1.5MMO $ $0.797194 $0.741121 2 51.712523 SI.701221 $1.0AHISI 1 $1.67112 3 S0.731191 $0.321399 $0.311780 $0.902.02 3 $2.443715 S2.422619 $2.401851 $2.281344 $11.67689 $:1.881599 $0627412 $0 4114211 R 56.334566 $6.BIN $6MX75 6 $0.644609 $0.8.2629 $0.991898 $0.567383 9 $7107822 S6.952195 $6.301692 $6.606104 10 $0.69913 $0.585431 $0.5585 90 532726 In 57721735 S7.537626 $7.00RT $7.188890 Periods 11.05 11.55 12.05 12.5% Periods 11% 11.36 125 12.35 1 $0.900901 $ $0.89686 L586806 9088RRO 1 S09001901 SO.896861 $0.892891 61888805 1 SHR11622 $9.436 $9.997104 90.9012 2 SL 712523 SI.701221 $1.67MSI $1.670012 3 SU.73119 $0.721.30 TIRLIT $0.902312 3 S2443715 S2.422619 INICIPZ$ $2.31M4 4 $0.698731 $0.616991 $0.635518 $0.624293 SJ 102446 $0.989614 $3.007319 $3.005699 5 $0.999451 19CUS C$ $9.567427 154919 9 5795897 53.649878 $3404776 $3 WY5095 5 6 S11.534641 $.1.5211416 $0.4932711 54 23053X S4.170204 54.111407 $4153839 ? $0.48L658 $0.466741 $3.452519 90.438162 2 $4.212.96 S4.637035 $4.563757 $4.492.30 8 $0A11925 WASICS 0:1033 90389714 8 S5 14623 $5.955697 $1882043 sn. 300425 $3.17542 9.360610 99.74649 5553714 54.431064 $5.398290 $5.1945 10 $1.352ING C$ $31.3362 $ $0.32195 90.23076 LU SSXX2232 .55.7 $5.200221 $5.336431 Select the correct answer 16'SEES O $336,719 $466,547 5556,608Step by Step Solution
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