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When the market rate of interest was 12%, Halprin Corporation issued $796,000, 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. a. $4,525,767 b. $4,718,664 c. $795,996 Od. $751,021

When the market rate of interest was 12%, Halprin Corporation issued $796,000, 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. a. $4,525,767 b. $4,718,664 c. $795,996 Od. $751,021

FINANCIAL ACCOUNTING
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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When the market rate of interest was 12%, Halprin Corporation issued $796,000, 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. O a. $4,525,767 O b. $4,718,664 O c. $795,996 d. $751,021
Transcribed Image Text:When the market rate of interest was 12%, Halprin Corporation issued $796,000, 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. O a. $4,525,767 O b. $4,718,664 O c. $795,996 d. $751,021
Periods 4% 1 2 3 4 5 6 7 8 9 10 Show Transcribed Text EXHIBIT 10 4½2% 5% 5½% 13% 0.96154 0.95694 0.95238 0.88496 0.92456 0.91573 0.90703 0.86384 0.85161 0.88900 0.87630 0.85480 0.83856 0.82270 0.80722 6% 6½2% 7% 10% 11% 12% 0.94787 0.94340 0.93897 0.93458 0.90909 0.90090 0.89286 0.89845 0.89000 0.88166 0.87344 0.82645 0.81162 0.79719 0.78315 0.83962 0.82785 0.81630 0.75131 0.73119 0.71178 0.69305 0.79209 0.77732 0.76290 0.68301 0.65873 0.63552 0.61332 0.78353 0.76513 0.74726 0.72988 0.71299 0.62092 0.59345 0.56743 0.54276 0.79031 0.76790 0.74622 0.72525 0.70496 0.68533 0.66634 0.56447 0.53464 0.50663 0.48032 0.75992 0.73483 0.71068 0.68744 0.66506 0.64351 0.62275 0.51316 0.48166 0.45235 0.42506 0.73069 0.70319 0.67684 0.65160 0.62741 0.60423 0.58201 0.46651 0.43393 0.40388 0.37616 0.70259 0.67290 0.64461 0.61763 0.59190 0.56735 0.54393 0.42410 0.39092 0.36061 0.33288 0.67556 0.64393 0.61391 0.58543 0.55839 0.53273 0.50835 0.38554 0.35218 0.32197 0.29459 0.82193 0.80245 Periods 4% 1 2 3 4 5 6 7 8 9 10 Present Value of $1 at Compound Interest g Present Value of an Annuity of $1 at Compound Interest 4½% 0.96154 0.95694 1.88609 1.87267 5% 0.95238 1.85941 2.77509 2.74896 2.72325 3.62990 3.58753 3.54595 4.45182 4.38998 4.32948 5.24214 5.15787 5.07569 6.00205 5.89270 5.78637 6.73274 6.59589 6.46321 6.33457 7.43533 7.26879 7.10782 6.95220 8.11090 7.91272 7.72173 7.53763 EXHIBIT 8 13% 0.88496 5½% 6% 6½% 7% 10% 11% 12% 0.94787 0.94340 0.93897 0.93458 0.90909 0.90090 0.89286 1.84632 1.83339 1.82063 1.80802 1.73554 1.71252 1.69005 1.66810 2.69793 2.67301 2.64848 2.62432 2.48685 2.44371 2.40183 2.36115 3.50515 3.46511 3.42580 3.38721 3.16987 3.10245 3.03735 2.97447 4.27028 4.21236 4.15568 4.10020 3.79079 3.69590 3.60478 3.51723 4.99553 4.91732 4.84101 4.76654 4.35526 4.23054 4.11141 3.99755 5.68297 5.58238 5.48452 5.38929 4.86842 4.71220 4.56376 4.42261 6.20979 6.08875 5.97130 5.33493 5.14612 4.96764 4.79677 6.80169 6.65610 6.51523 5.75902 5.53705 5.32825 7.36009 7.18883 7.02358 6.14457 5.88923 5.65022 5.13166 5.42624
Transcribed Image Text:Periods 4% 1 2 3 4 5 6 7 8 9 10 Show Transcribed Text EXHIBIT 10 4½2% 5% 5½% 13% 0.96154 0.95694 0.95238 0.88496 0.92456 0.91573 0.90703 0.86384 0.85161 0.88900 0.87630 0.85480 0.83856 0.82270 0.80722 6% 6½2% 7% 10% 11% 12% 0.94787 0.94340 0.93897 0.93458 0.90909 0.90090 0.89286 0.89845 0.89000 0.88166 0.87344 0.82645 0.81162 0.79719 0.78315 0.83962 0.82785 0.81630 0.75131 0.73119 0.71178 0.69305 0.79209 0.77732 0.76290 0.68301 0.65873 0.63552 0.61332 0.78353 0.76513 0.74726 0.72988 0.71299 0.62092 0.59345 0.56743 0.54276 0.79031 0.76790 0.74622 0.72525 0.70496 0.68533 0.66634 0.56447 0.53464 0.50663 0.48032 0.75992 0.73483 0.71068 0.68744 0.66506 0.64351 0.62275 0.51316 0.48166 0.45235 0.42506 0.73069 0.70319 0.67684 0.65160 0.62741 0.60423 0.58201 0.46651 0.43393 0.40388 0.37616 0.70259 0.67290 0.64461 0.61763 0.59190 0.56735 0.54393 0.42410 0.39092 0.36061 0.33288 0.67556 0.64393 0.61391 0.58543 0.55839 0.53273 0.50835 0.38554 0.35218 0.32197 0.29459 0.82193 0.80245 Periods 4% 1 2 3 4 5 6 7 8 9 10 Present Value of $1 at Compound Interest g Present Value of an Annuity of $1 at Compound Interest 4½% 0.96154 0.95694 1.88609 1.87267 5% 0.95238 1.85941 2.77509 2.74896 2.72325 3.62990 3.58753 3.54595 4.45182 4.38998 4.32948 5.24214 5.15787 5.07569 6.00205 5.89270 5.78637 6.73274 6.59589 6.46321 6.33457 7.43533 7.26879 7.10782 6.95220 8.11090 7.91272 7.72173 7.53763 EXHIBIT 8 13% 0.88496 5½% 6% 6½% 7% 10% 11% 12% 0.94787 0.94340 0.93897 0.93458 0.90909 0.90090 0.89286 1.84632 1.83339 1.82063 1.80802 1.73554 1.71252 1.69005 1.66810 2.69793 2.67301 2.64848 2.62432 2.48685 2.44371 2.40183 2.36115 3.50515 3.46511 3.42580 3.38721 3.16987 3.10245 3.03735 2.97447 4.27028 4.21236 4.15568 4.10020 3.79079 3.69590 3.60478 3.51723 4.99553 4.91732 4.84101 4.76654 4.35526 4.23054 4.11141 3.99755 5.68297 5.58238 5.48452 5.38929 4.86842 4.71220 4.56376 4.42261 6.20979 6.08875 5.97130 5.33493 5.14612 4.96764 4.79677 6.80169 6.65610 6.51523 5.75902 5.53705 5.32825 7.36009 7.18883 7.02358 6.14457 5.88923 5.65022 5.13166 5.42624
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