Question: Question 22 of 40 -/1 E LUITEN ALLEMPHIUS Marigold Company issues $24200000, 4%, 5-year bonds dated January 1, 2020 on January 1, 2020. The bonds

Question 22 of 40 -/1 E LUITEN ALLEMPHIUS Marigold Company issues

Question 22 of 40 -/1 E LUITEN ALLEMPHIUS Marigold Company issues $24200000, 4%, 5-year bonds dated January 1, 2020 on January 1, 2020. The bonds pay interest semiannually on June 30 and December 31. The bonds are issued to yield 3%. What are the proceeds from the bond issue? 1.5% 2.0% 3% 4% Present value of a single sum for 5 0.92826 0.90573 0.86261 0.82193 periods Present value of a single sum for 10 0,86167 0.82035 0.74409 0.67556 periods Present value of an annuity for 5 4.78264 4.71346 4.57971 445182 periods Present value of an annuity for 10 9.22218 8.98259 8.53020 8.11090 periods O $25304374 $25308444 O $24200000 O $25315949

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