Question: On January 2 , 2 0 2 0 , Wine Corporation wishes to issue $ 6 , 0 0 0 , 0 0 0 (

On January 2,2020, Wine Corporation wishes to issue $6,000,000(par value) of its 8%,10-year bonds. The bonds pay interest annually on January 1. The current yield rate on such bonds is 10%. Using the interest factors below, compute the amount that Wine will realize from the sale (issuance) of the bonds. Present value of 1 at 8% for 10 periods -0.4632 Present value of 1 at 10% for 10 periods -0.3855 Present value of an ordinary annuity at 8% for 10 periods - Drocentiuplus of an ordinanappuituot 10% for 10 periode 6.7101

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