Ivanhoe Company issues $24300000, 8.0%, 5-year bonds dated January 1, 2024 on January 1, 2024. The bonds pay interest semiannually on June 30 and December 31. The bonds are issued to yield 7.0%. Given the following present value factors, what are the proceeds from the bond issue? Present value of a single sum for 5 periods Present value of a single sum for 10 periods Present value of an annuity for 5 periods Present value of an annuity for 10 periods O $25310501 O $25259621 O $25300774 O $24300000 3.5% 0.84197 4.0% 0.82193 0.71299 0.68058 0.70892 0.67556 0.50835 0.46319 4.51505 4.45182 4.10020 3.99271 7.02358 6.71008 7.0% 8.31661 8.11090 8.0%
Ivanhoe Company issues $24300000, 8.0%, 5-year bonds dated January 1, 2024 on January 1, 2024. The bonds pay interest semiannually on June 30 and December 31. The bonds are issued to yield 7.0%. Given the following present value factors, what are the proceeds from the bond issue? Present value of a single sum for 5 periods Present value of a single sum for 10 periods Present value of an annuity for 5 periods Present value of an annuity for 10 periods O $25310501 O $25259621 O $25300774 O $24300000 3.5% 0.84197 4.0% 0.82193 0.71299 0.68058 0.70892 0.67556 0.50835 0.46319 4.51505 4.45182 4.10020 3.99271 7.02358 6.71008 7.0% 8.31661 8.11090 8.0%
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Ivanhoe Company issues $24300000, 8.0%, 5-year bonds dated January 1, 2024 on January 1, 2024. The bonds pay interest
semiannually on June 30 and December 31. The bonds are issued to yield 7.0%. Given the following present value factors, what are the
proceeds from the bond issue?
Present value of a single sum for 5 periods
Present value of a single sum for 10 periods
Present value of an annuity for 5 periods
Present value of an annuity for 10 periods
$25310501
$25259621
$25300774
O $24300000
3.5%
0.84197
0.70892
4.0%
0.82193
7.0%
0.71299
0.67556 0.50835
4.51505 4.45182 4.10020
8.31661 8.11090
8.0%
0.68058
0.46319
3.99271
7.02358 6.71008
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