Spiller Corporation plans to isue 12%, 8 year, $520,000 par value bonds payable that pay interest semiannually on June 30 and December 31. The bonds are dated January 1 of the current year and are issued on that date. (PV of $1. EV of $1. PVA of $1. and EVA of $1) (Use appropriete factor(s) from the tables provided. Round your "Teble value" to 4 decimal places and final answers to nearest whole doller.) If the market rate of interest for the bonds is 10% on the date of issue, what will be the total cash proceeds from the bond issue? 16 M 6% 0 4581 S 11.9106S 520,000S 230.212 26,000 Present (maturity) value Interest (annuity) Total cash proceeds
Spiller Corporation plans to isue 12%, 8 year, $520,000 par value bonds payable that pay interest semiannually on June 30 and December 31. The bonds are dated January 1 of the current year and are issued on that date. (PV of $1. EV of $1. PVA of $1. and EVA of $1) (Use appropriete factor(s) from the tables provided. Round your "Teble value" to 4 decimal places and final answers to nearest whole doller.) If the market rate of interest for the bonds is 10% on the date of issue, what will be the total cash proceeds from the bond issue? 16 M 6% 0 4581 S 11.9106S 520,000S 230.212 26,000 Present (maturity) value Interest (annuity) Total cash proceeds
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
Problem 1PS
Related questions
Question
100%
Please Solve In 10mins I will Thumbs-up promise
Transcribed Image Text:Cxercise D-12 (Migoj rresent vaiue or Donas LUP,ra
Spiller Corporation plans to isue 12%, 8-year, $520,000 par value bonds payable that pay interest semiannually on June 30 and
December 31. The bonds are dated January 1 of the current year and are issued on that date. (PV of $1, EV of $1. PVA of $1. and EVA.of
$1) (Use appropriate factor(s) from the tables provided. Round your "Table value" to 4 decimal places and final answers to nearest
whole doller.)
If the market rate of interest for the bonds is 10% on the date of issue, what will be the total cash proceeds from the bond issue?
16
5%
520,000S 238,212
26,000
Present (maturity) value
0 4581s
11.9106S
Interest (annuity)
Total cash proceeds
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 2 images
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, finance and related others by exploring similar questions and additional content below.Recommended textbooks for you
Essentials Of Investments
Finance
ISBN:
9781260013924
Author:
Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:
Mcgraw-hill Education,
Essentials Of Investments
Finance
ISBN:
9781260013924
Author:
Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:
Mcgraw-hill Education,
Foundations Of Finance
Finance
ISBN:
9780134897264
Author:
KEOWN, Arthur J., Martin, John D., PETTY, J. William
Publisher:
Pearson,
Fundamentals of Financial Management (MindTap Cou…
Finance
ISBN:
9781337395250
Author:
Eugene F. Brigham, Joel F. Houston
Publisher:
Cengage Learning
Corporate Finance (The Mcgraw-hill/Irwin Series i…
Finance
ISBN:
9780077861759
Author:
Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor
Publisher:
McGraw-Hill Education