Bramble Corp issues $5120000, 7 , 5 year bonds dated January 1, 2017 on January 1, 2017 The bonds pay interest semiannually on June 30 and December 31 The bonds are issued to yield 6 What are the proceeds from the bond issue ff 3 0 3 5 6 7 Present value of a single sum for 5 periods 0 86261 0 84197 0 74726 0 71299 Present value of a single sum for 10 periods 0 74409 0 70892 0 55839 0 50835 Present value of an annuity for 5 periods 4 57971 4 51505 4 21236 4 10020 Present value of an annuity for 10 periods 8 53020 8 31661 7 36009 7 02358 a) $5336853 b) $5336038 c) $5338353 d) $5120000

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Question: Bramble Corp. issues $5120000, 7%, 5-year bonds dated January 1, 2017 on January 1, 2017. The bonds pay interest semiannually on June 30 and December

Bramble Corp. issues $5120000, 7%, 5-year bonds dated January 1, 2017 on January 1, 2017. The bonds pay interest semiannually on June 30 and December 31. The bonds are issued to yield 6%. What are the proceeds from the bond issue?

ff	3.0%	3.5%	6%	7%
Present value of a single sum for 5 periods	0.86261	0.84197	0.74726	0.71299
Present value of a single sum for 10 periods	0.74409	0.70892	0.55839	0.50835
Present value of an annuity for 5 periods	4.57971	4.51505	4.21236	4.10020
Present value of an annuity for 10 periods	8.53020	8.31661	7.36009	7.02358

a) $5336853

b) $5336038

c) $5338353

d) $5120000

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