When the market rate of interest was 12%, Newman Corporation issued $302,000, 11%, five-year bonds t

When the market rate of interest was 12%, Newman Corporation issued $302,000, 11%, five-year bonds t

When the market rate of interest was 12%, Newman Corporation issued $302,000, 11%, five-year bonds that pay interest semiannually, wetermine the selling price of this bond issue. Use the present value tables below. Present Value of 1 to Be Paid in the are Prent Valla Series of $Payments to Be Puld in the Future 50 605 6.55 Periods 509281 09757 ST $0.952381 $0.947867 SO 9296 90 907029 $0.998452 SON1699 GIPSTIS 51.806330 S1 R1193 SI 636 SOM 5051614 LENOS $2.723348 20 52.673012 S1476 LLENOS SO 807217 30.793094 $0.777323 53.549951 $3.505150 $3.465106 31.43799 N1536 50.765134 NEELNOS 30.72918 54329077 54.270284 54.212354 $4155679 5072S 50.725346 10.7096 SO 6R5114 CONSUITS DES56615 54.917324 54.841014 5071061 SANT LOWO SOSIOS SHOTS 55.62967 555211 ORVOS 50.65159 12 TENOS 36.46013 561 PALACE TSLOS 506175 MISOS 0101 COLORES $5.952195 5601692 36.656104 061713 57.721735 S7336 57. Per 110 0600505 SONS SON7 CITROS AOS LACOS 5171223 S101111 ISO IS 50.731191 S072190 17 LOCOS 52.433519 1s 0.53 SO 6 NISSE 0.624293 911 PISTES 53037140 BESTE 506 50.65159 50627412 50.804231 $6.463213 63566 562294 S6.028751 SBS 50.617629 50.59898 $0.567353 $7.10782 56.952195 56. 1692 S0 61 50.585431 50.558995 S0.532736 $7.721735 57.597636 373600 57. Periode 11.09 12.05 12.35 Periods 11.55 12.55 10600605 50.896861 $0.927 $0. 99 100005 1990 SOMOS GRRRRROS VIONS 50.797194 S070123 $1.71223 S1701221 ISOONIS $1.67012 50.731191 50.721909 $0711780 50.202012 $2.443715 52.422619 52.401831 MINECS 50.658731 506 50633318 30604299 $1.100465 $3000614 $.017149 $0.593451 50 580264 SO 567427 30.554999 $3.5897 53.619878 53.604776 53.560565 0.5641 0 520016 so 00631 50.491270 SUSO 15 $4.179294 54. 111407 OCHT15 NYIRYOS 0446141 90452149 50.436462 $4.712196 SLOW $4.56757 $4.492301 CEY US 041 50.4033 S038974 55.146123 LESSOS 467640 5483045 25 50358 SO360610 50.346499 SS.SI $5.431064 35326250 5520RS ISEOS SOROS 50.307946 3526773 5602 $ Select the correct answer. $291,114 $292,612 $427,200 $463,975

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