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Everhart Company issues $15,000,000, 6%, 5-year bonds dated January 1, 2012 on January 1, 2012. The bonds pays interest semiannually on June 30 and December 31. The bonds are issued to yield 5%. What are the proceeds from the bond issue?fg 2.5% 3.0% 5.0% 6.0%Present value of a single sum for 5 periods .88385 .86261 .78353 .74726Present value of a single sum for 10 periods .78120 .74409 .61391 .55839Present value of an annuity for 5 periods 4.64583 4.57971 4.32948 4.21236Present value of an annuity for 10 periods 8.75206 8.53020 7.72173 7.36009A) $15,651,924B) $15,000,000C) $15,649,482D) $15,656,427
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