Current Attempt in Progress Blossom Company issues $4900000, 4.0%, 5-year bonds dated January 1, 2024 on January 1, 2024. The bonds pay interest semiannually on June 30 and December 31. The bonds are issued to yield 3.0%. Given the following present value factors, what are the proceeds from the bond issue? Present value of a single sum for 5 periods Present value of a single sum for 10 periods Present value of an annuity for 5 periods Present value of an annuity for 10 periods O $4900000 O $5125957 O $5124977 O $5124067 1.5% 2.0% 3.0% 4.0% 0.92826 0.90573 0.86261 0.82193 0.86167 0.82035 0.74409 0.67556 4.78264 4.71346 4.57971 4.45182 9.22218 8.98259 8.53020 8.11090
Current Attempt in Progress Blossom Company issues $4900000, 4.0%, 5-year bonds dated January 1, 2024 on January 1, 2024. The bonds pay interest semiannually on June 30 and December 31. The bonds are issued to yield 3.0%. Given the following present value factors, what are the proceeds from the bond issue? Present value of a single sum for 5 periods Present value of a single sum for 10 periods Present value of an annuity for 5 periods Present value of an annuity for 10 periods O $4900000 O $5125957 O $5124977 O $5124067 1.5% 2.0% 3.0% 4.0% 0.92826 0.90573 0.86261 0.82193 0.86167 0.82035 0.74409 0.67556 4.78264 4.71346 4.57971 4.45182 9.22218 8.98259 8.53020 8.11090
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter9: Long-term Liabilities
Section: Chapter Questions
Problem 96PSA
Related questions
Question
![Current Attempt in Progress
Blossom Company issues $4900000, 4.0%, 5-year bonds dated January 1, 2024 on January 1, 2024. The bonds pay interest
semiannually on June 30 and December 31. The bonds are issued to yield 3.0%. Given the following present value factors, what are the
proceeds from the bond issue?
Present value of a single sum for 5 periods
Present value of a single sum for 10 periods
Present value of an annuity for 5 periods
Present value of an annuity for 10 periods
O $4900000
O $5125957
O $5124977
O $5124067
1.5%
0.92826
0.86167
2.0%
0.82035
3.0%
0.90573 0.86261 0.82193
4.71346
0.74409
4.78264
9.22218 8.98259 8.53020
4.57971
4.0%
0.67556
4.45182
8.11090](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F788804bf-715f-4eae-988a-72e578d42679%2Fac5468e2-7d9b-4db7-a34f-a0cd24e09b5a%2Fhhjnn04_processed.png&w=3840&q=75)
Transcribed Image Text:Current Attempt in Progress
Blossom Company issues $4900000, 4.0%, 5-year bonds dated January 1, 2024 on January 1, 2024. The bonds pay interest
semiannually on June 30 and December 31. The bonds are issued to yield 3.0%. Given the following present value factors, what are the
proceeds from the bond issue?
Present value of a single sum for 5 periods
Present value of a single sum for 10 periods
Present value of an annuity for 5 periods
Present value of an annuity for 10 periods
O $4900000
O $5125957
O $5124977
O $5124067
1.5%
0.92826
0.86167
2.0%
0.82035
3.0%
0.90573 0.86261 0.82193
4.71346
0.74409
4.78264
9.22218 8.98259 8.53020
4.57971
4.0%
0.67556
4.45182
8.11090
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 3 steps
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Recommended textbooks for you
![Cornerstones of Financial Accounting](https://www.bartleby.com/isbn_cover_images/9781337690881/9781337690881_smallCoverImage.gif)
Cornerstones of Financial Accounting
Accounting
ISBN:
9781337690881
Author:
Jay Rich, Jeff Jones
Publisher:
Cengage Learning
![Financial Accounting: The Impact on Decision Make…](https://www.bartleby.com/isbn_cover_images/9781305654174/9781305654174_smallCoverImage.gif)
Financial Accounting: The Impact on Decision Make…
Accounting
ISBN:
9781305654174
Author:
Gary A. Porter, Curtis L. Norton
Publisher:
Cengage Learning
Principles of Accounting Volume 1
Accounting
ISBN:
9781947172685
Author:
OpenStax
Publisher:
OpenStax College
![Cornerstones of Financial Accounting](https://www.bartleby.com/isbn_cover_images/9781337690881/9781337690881_smallCoverImage.gif)
Cornerstones of Financial Accounting
Accounting
ISBN:
9781337690881
Author:
Jay Rich, Jeff Jones
Publisher:
Cengage Learning
![Financial Accounting: The Impact on Decision Make…](https://www.bartleby.com/isbn_cover_images/9781305654174/9781305654174_smallCoverImage.gif)
Financial Accounting: The Impact on Decision Make…
Accounting
ISBN:
9781305654174
Author:
Gary A. Porter, Curtis L. Norton
Publisher:
Cengage Learning
Principles of Accounting Volume 1
Accounting
ISBN:
9781947172685
Author:
OpenStax
Publisher:
OpenStax College
![EBK CONTEMPORARY FINANCIAL MANAGEMENT](https://www.bartleby.com/isbn_cover_images/9781337514835/9781337514835_smallCoverImage.jpg)
EBK CONTEMPORARY FINANCIAL MANAGEMENT
Finance
ISBN:
9781337514835
Author:
MOYER
Publisher:
CENGAGE LEARNING - CONSIGNMENT
![College Accounting, Chapters 1-27](https://www.bartleby.com/isbn_cover_images/9781337794756/9781337794756_smallCoverImage.gif)
College Accounting, Chapters 1-27
Accounting
ISBN:
9781337794756
Author:
HEINTZ, James A.
Publisher:
Cengage Learning,