Business, 18.08.2019 05:10 joannsrods

Young co. issues $800,000 of 10% bonds dated january 1, year 1. interest is payable semiannually on june 30 and december 31. the bonds mature in five years. the current market for similar bonds is 8%. the entire issue is sold on the date of issue. the following values are given: present value ofordinary annuity present value of $ =10; i=0.04 8.11090 0.67556n=10; i=0.05 7.72173 0.61391what amount of proceeds on the sale of bonds should young report? a. $799,997b. $815,564c. $849,317d. $864,884

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Young co. issues $800,000 of 10% bonds dated january 1, year 1. interest is payable semiannually on...