When the market rate of interest was 12%, Halprin Corporation issued $317,000, 11%, 10-year bonds that pay interest annually. The selling price ofthis bond issue was?Use the present value tables in Exhibit 8 and Exhibit 10.Oa. $299,088Ob. $316,999Oc. $1,879,166Od. $1,802,347( PreviousNext>3:27 PMearch53°F Sunnya.12/14/2021114144pause1 shiftaltctrlUSE YOUR SMARTPHONE FORRevlews Videos Features COL789O5.Present Value of $1 at Compound InterestEXHIBIT 8Periods%90.94340%LL06006'00.892860.797195%%12%%0.96154%0L0.938970.934580.8849660606'00.811620.956940.952380.947870.924560.8984500068'00.881660.8278520.915730.907030.873440.826450.783150.876300068 80.838560.863840.851610.839620.816300.751310.731190.711780.693053.0.854800.822700.807220.792090.777320.762900.683010.658730.635520.613324.0.821930.802450.783530.765130.747260.729880.712990.620920.593450.567430.542760.790310.746220.725250.704960.685330.666340.564470.534640.506630.480320.759920.734830.710680.687440.665060.643510.622750.513160.481660.452350.42506690E0.672900.703190.676840.651600.627410.604230.582010.466510.433930.403880.376160.702590.644610.617630.591900.567350.543930.424100.390920.360610.332880.675560.643930.613910.585430.558390.532730.508350.385540.352180.321970.29459近a3:27 PM53°F Sunny(中ツ12/14/2021dy8,12prt sc114SU144delete9.backspaceenterpause↑ shifialtctrl

Present Value Paid at Maturity = Face Value * Pv factor at year 10 @ 12% = $ 317,000 * 0.38554 = $…

When the market rate of interest was 12%, Halprin Corporation issued $317,000, 11%, 10-year bonds that pay interest annually. The selling price of this bond issue was? Use the present value tables in Exhibit 8 and Exhibit 10. Oa. $299,088 Ob. $316,999 Oc. $1,879,166 Od. $1,802,347

When the market rate of interest was 12%, Halprin Corporation issued $317,000, 11%, 10-year bonds that pay interest annually. The selling price of this bond issue was? Use the present value tables in Exhibit 8 and Exhibit 10. Oa. $299,088 Ob. $316,999 Oc. $1,879,166 Od. $1,802,347

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Concept explainers

Debenture Valuation

A debenture is a private and long-term debt instrument issued by financial, non-financial institutions, governments, or corporations. A debenture is classified as a type of bond, where the instrument carries a fixed rate of interest, commonly known as the ‘coupon rate.’ Debentures are documented in an indenture, clearly specifying the type of debenture, the rate and method of interest computation, and maturity date.

Note Valuation

It is the process to determine the value or worth of an asset, liability, debt of the company. It can be determined by many processes or techniques. Many factors can impact the valuation of an asset, liability, or the company, like:

Question

When the market rate of interest was 12%, Halprin Corporation issued $317,000, 11%, 10-year bonds that pay interest annually. The selling price of
this bond issue was?
Use the present value tables in Exhibit 8 and Exhibit 10.
Oa. $299,088
Ob. $316,999
Oc. $1,879,166
Od. $1,802,347
( Previous
Next
>
3:27 PM
earch
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a.
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114
144
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1 shift
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Revlews Videos Features

CO
L
789O
5.
Present Value of $1 at Compound Interest
EXHIBIT 8
Periods
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0.96154
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0.88496
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0.88166
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