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accounting

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;Hamilton Company issues $10,000,000, 6%, 5-year bonds dated January 1, 2012 on January 1, 2012. The bonds pay interest semiannually on June 30 and December 31. The bonds are issued to yield 5%. What are the proceeds from the bond issue?;2.5%;3.0%;5.0%;6.0%;Present value of a single sum for 5 periods;.88385;.86261;.78353;.74726;Present value of a single sum for 10 periods;.78120;.74409;.61391;.55839;Present value of an annuity for 5 periods;4.64583;4.57971;4.32948;4.21236;Present value of an annuity for 10 periods;8.75206;8.53020;7.72173;7.36009;A. 10,437,618;B. 10,434,616;C. 10,000,000;D. 10,432, 988

 

Paper#77279 | Written in 18-Jul-2015

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