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Spiller Corp. plans to issue 10%, 15-year, $500,000 par value bonds payable that pay interest semiannually on June 30 and December 31. The bonds are dated December 31, 2019, and are issued on that date. (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided. Round your "Table value" to 4 decimal places.) If the market rate of interest for the bonds is 8% on the date of issue, what will be the total cash proceeds from the bond issue? Table Values are Based on: n = Table Value Cash Flow Amount Present Value 0.3083 24 50,000 S 154,150 Present (maturity) value Interest (annuity) 17.2920 %2$ 25,000 432,300 Total cash proceeds

Spiller Corp. plans to issue 10%, 15-year, $500,000 par value bonds payable that pay interest semiannually on June 30 and December 31. The bonds are dated December 31, 2019, and are issued on that date. (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided. Round your "Table value" to 4 decimal places.) If the market rate of interest for the bonds is 8% on the date of issue, what will be the total cash proceeds from the bond issue? Table Values are Based on: n = Table Value Cash Flow Amount Present Value 0.3083 24 50,000 S 154,150 Present (maturity) value Interest (annuity) 17.2920 %2$ 25,000 432,300 Total cash proceeds

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Appendix B homework i Saved Exercise B-12 Present value of bonds LO P1, P3 Spiller Corp. plans to issue 10%, 15-year, $500,000 par value bonds payable that pay interest semiannually on June 30 and December 31. The bonds are dated December 31, 2019, and are issued on that date. (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided. Round your "Table value" to 4 decimal places.) If the market rate of interest for the bonds is 8% on the date of issue, what will be the total cash proceeds from the bond issue? Table Values are Based on: %3D Table Value Cash Flow Amount Present Value Present (maturity) value 0.3083 %24 $ 50,000 154,150 Interest (annuity) %24 25,000 432,300 17.2920 Total cash proceeds es
Transcribed Image Text:Appendix B homework i Saved Exercise B-12 Present value of bonds LO P1, P3 Spiller Corp. plans to issue 10%, 15-year, $500,000 par value bonds payable that pay interest semiannually on June 30 and December 31. The bonds are dated December 31, 2019, and are issued on that date. (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided. Round your "Table value" to 4 decimal places.) If the market rate of interest for the bonds is 8% on the date of issue, what will be the total cash proceeds from the bond issue? Table Values are Based on: %3D Table Value Cash Flow Amount Present Value Present (maturity) value 0.3083 %24 $ 50,000 154,150 Interest (annuity) %24 25,000 432,300 17.2920 Total cash proceeds es
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