Question: CALCULATOR FULL SCREEN PRINTER VERSION *BACK Exercise 144 On January 1, 2017 Lance Co. Issued five-year bonds with a face value of $660,000 and a

 CALCULATOR FULL SCREEN PRINTER VERSION *BACK Exercise 144 On January 1,

CALCULATOR FULL SCREEN PRINTER VERSION *BACK Exercise 144 On January 1, 2017 Lance Co. Issued five-year bonds with a face value of $660,000 and a stated interest rate of 16% payable smiannually on July 1 and January 1. The bonds were sold to yield 10% Present value table factors are: Present value of 1 for 3 periods at 109 0.75131 Present value of 1 for 3 periods at 16% 0.64066 Present value of 1 for 10 periods at 596 0.61391 Present value of 1 for 6 periods at 8% 0.63017 Present value of an ordinary annuity of 1 for 3 periods at 10% 248685 Present value of an ordinary annuity of 1 for 3 periods at 16% 2.24569 Present value of an ordinary annuity of 1 for 10 periods at 54 5.07569 Present value of an ordinary annuity of 1 for 6 periods at 8% 4.62258 Calculate the issue price of the bands. (Round factor values to 5 decimal places... 1.25124 and final answer to decimal places, e., 45.582.) Issue price of bonds 5 Click if you would like to show Work for this question: ow. Woch

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