Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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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
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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
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