TR$13-4$ Debt Present Value $($LO $13-2)$

Prentice Ltd$.$ was authorized to issue $$4,500,000$ of $10-$year, $6\%$ bonds payable on $1$ August $20$X$2.$ The bonds are due on $31$ July $2012.$ Interest payments dates were $31$ July and $31$ January. The bond was sold to yield $8\%.($PV of $$1,$ PVA of $$1,$ and PVAD of $$1.)($Use appropriate factor$($s$)$ from the tables provided.$)$

Required:

$1.$ Calculate the proceeds from issuance. $($Round time value factor to $5$ decimal places. Do not round intermediate calculations. Round your answer to the nearest whole dollar amount.$)$

$2.$ Calculate the proceeds from issuance if the yield rate is $5\%$ and the bond is issued on $1$ August $20$X$4,$ still with a maturity date of $31$ July $2012.($Round time value factor to $5$ decimal places. Do not round intermediate calculations. Round your answer to the nearest whole dollar amount.$)$

$3.$ Calculate the proceeds from issuance if the yield rate is $8\%,$ and the bond is issued between interest dates, on $1$ October $20$X$2,$ still with a maturity date of $31$ July $2012.$ Exclude accrued interest. $($Round time value factor to $5$ decimal places. Do not round intermediate calculations. Round your answer to the nearest whole dollar amount.$)$