abc company will issue $6,500,000 in 6%, 10-year bonds when the market rate of interest is 8%. interest is paid semiannually.
(FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.)
Required:
Determine how much cash ABC Company will realize from the bond issue.