Question: View Policies Current Attempt in Progress On January 1, 2020, Sheffield Corp. issued eight-year bonds with a face value of $6650000 and a stated interest

View Policies Current Attempt in Progress On January 1, 2020, Sheffield

View Policies Current Attempt in Progress On January 1, 2020, Sheffield Corp. issued eight-year bonds with a face value of $6650000 and a stated interest rate of 10%, payable semiannually on June 30 and December 31. The bonds were sold to yield 12%. Table values are: 0.467 0.404 0.458 0.394 Present value of 1 for 8 periods at 10% Present value of 1 for 8 periods at 12% Present value of 1 for 16 periods at 5% Present value of 1 for 16 periods at 6% Present value of annuity for 8 periods at 10% Present value of annuity for 8 periods at 12% Present value of annuity for 16 periods at 5% Present value of annuity for 16 periods at 6% 5.335 4.968 10.838 10.106 The issue price of the bonds is O $5990320. O $6653325. O $5980345. O $6046845

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