Question: Spiller Corp. plans to issue 1 0 % , 1 0 - year, $ 4 6 0 , 0 0 0 par value bonds payable

Spiller Corp. plans to issue 10%,10-year, $460,000 par value bonds payable that pay interest semiannually on June 30 and December
The bonds are dated December 31,2019, and are issued on that date. (PV of $1, FV of $1, PVA of $1, and FVA of $1)(Use
appropriate factor(s) from the tables provided. Round your "Table value" to 4 decimal places and final answers to nearest whole
dollar.)
If the market rate of interest for the bonds is 8% on the date of issue, what will be the total cash proceeds from the bond issue?
Spiller Corp. plans to issue 10%,10-year, $460,000 par value bonds payable

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