Ivanhoe Company issues $24300000, 8.0%, 5-year bonds dated January 1, 2024 on January 1, 2024. The...
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Ivanhoe Company issues $24300000, 8.0%, 5-year bonds dated January 1, 2024 on January 1, 2024. The bonds pay interest semiannually on June 30 and December 31. The bonds are issued to yield 7.0%. Given the following present value factors, what are the proceeds from the bond issue? Present value of a single sum for 5 periods Present value of a single sum for 10 periods Present value of an annuity for 5 periods Present value of an annuity for 10 periods 3.5% 0.84197 4.0% 0.82193 7.0% 4.51505 4.45182 0.71299 0.70892 0.67556 0.50835 4.10020 8.0% 0.68058 0.46319 3.99271 8.31661 8.11090 7.02358 6.71008 Ivanhoe Company issues $24300000, 8.0%, 5-year bonds dated January 1, 2024 on January 1, 2024. The bonds pay interest semiannually on June 30 and December 31. The bonds are issued to yield 7.0%. Given the following present value factors, what are the proceeds from the bond issue? Present value of a single sum for 5 periods Present value of a single sum for 10 periods Present value of an annuity for 5 periods Present value of an annuity for 10 periods 3.5% 0.84197 4.0% 0.82193 7.0% 4.51505 4.45182 0.71299 0.70892 0.67556 0.50835 4.10020 8.0% 0.68058 0.46319 3.99271 8.31661 8.11090 7.02358 6.71008
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Related Book For
Intermediate Accounting Reporting and Analysis
ISBN: 978-1337788281
3rd edition
Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach
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