nprogress false When the market rate of interest was 129 Hal

nprogress false When the market rate of interest was 129. Halprin Corporation issued $353,000,11%, 10-year bonds that pay interest annually. Use the present vale tables below. The selling price of this bond issue was? Present Value of 1 to Be Paid in the Future Present Value of a Series of 1 Payments to Be Paid in the Future 094340 90939 82645 75132 094340 83339 839462 272ns 3 54565 0 74728 071299 62080 74522 35536 38929 406342 521 5454 4832 F6 F7 F8 Sys Rq Break Backspace 6 8 0 Y UIOP Home HK L Enter 7

Solution

Amount PV factor Present value Annual interest 38830 5.65022 219398 Principal 353000 0.32197 113655 Selling price 333053 Option B is correct