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Present Value of $1 Periods 1.0% 2.0% 3.0% 3.75% 4.0% 4.30% 5.0% 6.0% 7.0% ' 0.59010 090039 0.57087 0.96386 0.96154 0.95923 0.95238 094340 093458 2 098030 096117 0.94260 0.929021 052456 032013 090703 089000 087344 . 097059 0.94222 091514 089544 088900 038262 036384 0.83962 081630 4 00 092385 088049 0.06307 0.85480 0.84063 082270 0.79209 076290 095147 090573 086261 031 082193 081212 0.78353 0.74726 071299 " 094205 088797 083748 0801811 0.79031 077901 0.74622 070496 066634 7 0.03272 0.87056 0.81309 0.77283 0.75992 074725 0.71008 066506 062275 092348 0.85349 0.78941 074490 0.73069 0.71679 067684 062741 0.582011 091434 083676 076642 071797 0.70259 0.68757 0.64461 0.59190 054393 10 090529 082035 074409 0.69202 0.67556 045954 0.61391 055839 050835 11 089612 0.20426 0.72242 0.66701 064958 063265 058468 0.52679 047509 12 038745 0.70649 0.70138 0.64290 062460 060686 055684 0.49697 044401 087866 0.77303 068095 0.61966 060057 0.58212 053032 046404 041496 14 000996 0757 0.66112 0.59726 0.57748 055839 050507 044230 0.38782 15 0.06135 074301 0.64186 057568 055526 053562 0.48102 0.41727 036245 16 085282 0.72845 062317 0.55487 0.53391 0.51379 045811 0.39365 033873 17 0.04438 0.71416 050502 0.53481 051337 0.49284 043630 037136 031657 18 0.83602 0.70016 0.58739 0.51548 0.49363 047275 041552 035034 0.29506 19 082774 0.68643 0.57029 0.49605 047464 045340 0.39573 033051 027651 20 0.81954 067297 055368 047889 045639 043499 037649 031180 0.25842 25 077977 0.60953 0.47761 0393 0.37512 035326 0.29530 023300 0.18425 30 0.74192 0.55207 0.41199 0.33140 030832 025689 023138 017411 013137 Periods 0.0% 9.0% 10.0% 11.0% 13.0% 13.0% 14.0% 18.0% 20.0% 21.0% 1 0.92593 091743 090909 090090 0.09206 080436 087719 0.86957 0.83333 080000 2 085734 084168 082645 081162 0.79719 078315 0.76947 075614 0.69444 064000 . 075383 0.77218 075131 073119 0.71170 069305 0.67497 045752 057870 051200 4 0.73503 0.70843 068301 065873 063552 061332 0.59208 057175 048225 0.40960 $ 00054 064993 062092 05345 0.56743 054276 0.51937 049718 0.4018 032700 6 063017 059627 054447 053464 050663 040032 0.45559 0.43233 0.33490 026214 7 058349 0.54703 051316 048160 0.45235 0.42506 0.39964 0.37504 0.27906 020972 N 054027 0.50107 0.45051 043393 04038 0.37616 0.35056 032000 023257 016777 050025 0.46043 042410 039092 036061 033208 0.30751 026426 0.19381 013422 10 046319 042241 0.38554 035218 032197 0.25459 0.26974 024718 0.16151 010733 11 042 038753 035049 031720 02874 0.20070 0.23662 021404 0.13459 008590 12 0.39711 0.35553 03103 028584 025668 033071 020756 018601 011216 006472 13 036770 032618 028966 0.25751 022917 020416 0.18207 016253 0.09346 0.05490 14 034046 0.29925 026323 023199 0.20462 0.10068 0.15971 014133 0.07789 004398 15 031524 027454 033939 620900 018270 0159 0.14010 012299 006491 003518 16 0.29189 0.25187 021763 0.18829 0.16312 0.14150 0.1228 010686 0.05409 002815 17 027027 023107 0.19784 0.1063 0.14564 0.12522 0.10780 009293 0.04507 002252 0.25025 021199 017986 0.15282 0.13004 011081 0.09456 19 0.23171 0.19449 016351 013768 0.11611 0.09806 008295 003756 007027 001801 003130 001441 20 021455 017843 014364 0.12403 0.10367 0.08678 0.07276 000110 002600 001153 25 014602 0.11597 000230 007361 00582 004710 003779 000038 001048 000078 0.0993 0.07537 005731 0043 0.03138 002557 0.01963 001510 000421 0001241 Future Value of Annuity of $1 Periods 1.0% 1.0% 3.75% 6.0% 6.35% 1.0% 8.0% 7.0% 1.00000 1.00000 1.00000 1.00000 100000 1.00000 1.00000 1.00000 100000 2 201000 2.02000 2.00000 203750 204000 2.04250 105000 206000 201000 3 303010 306040 100090 311391 112100 312931 315250 318360 321400 4 4.05040 412161 4.18363 423060 4.24646 426230 431013 437462 443994 510101 5.20404 5.30914 541632 544345 5.52543 5.63709 575074 15202 6.30812 6.40041 6.50143 6.63290 6.67480 6.97532 7.15129 . 7.21354 7.434281 766246 189829 8.14201 845402 820567 858297 805234 513255 921423 $29671 5.54911 389747 10.25980 9.30853 9.75463 10.15911 10.47503 10.58200 1069182 1102656 11.97799 10 10.46221 10.94972 1136704 12.00611 1214622 12.57789 1318079 1181045 11 11.563 12.10872 12.00780 13.43635 13.06244 14.20679 1497164 15.78300 12 1268250 13.41209 14.19203 14.81212 1502581 1524309 15.91713 16.85994 173845 9 1180933 1464033 15.61779 16.36757 1662604 169092 1771290 1888214 2014064 14 1494742 15.97394 17.00632 1708135 18.29191 1860879 19.59063 2101507 22.55049 15 1609000 17.29342 18.59891 2002359 20.39966 21.57856 23.27597 25.12902 1725786 18.43929 2015688 2139274 2182453 22.20665 2365749 2567253 27.05 17 1843044 20.01207 2176159 23.19437 2300751 2421290 25.84037 20.21288 30.84022 1061475 21.41231 22.41444 25.06478 2564541 26.24203 28.13238 3090545 33.99903 2081090 22.84056 2511687 27.00471 2767123 28.35732 3053900 33.75999 37.3796 20 22.01900 24.29737 2687037 29.01735 2977508 30.56250 3306595 36.78559 40.99549 25 28.24320 32.030301 3645926 4027112 4164501 4307648 47.72710 5486451 63.24904 30 34.78489 40.56308 47.57542 53.79924 5600494 664385 79.05819 94.46079 Periods 8.0% 0.0% 10.0% 11.0% 12.0% 13.0% 14.0% 18.0% 20.0% 25.0% " 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 2 200000 200000 210000 211000 2,12000 2.13000 2.14000 2.15000 2.20000 2.25000 324640 3.27810 131000 3.34210 337440 3.40000 3.43960 147250 3.64000 3.81250 450611 457313 464100 4.70973 4.77933 434900 432114 499337 536800 5.76563 . 5.86660 5.30471 610510 6.22700 635285 648027 661010 674238 744160 020703 133503 752333 271561 751296 811519 832271 853552 875374 9.92992 11.25479 8.52200 9.20043 948717 978327 1000501 10.40466 10.73049 11.06600 12.91590 15.07349 1063663 1102847 11.43529 1185943 12.29009 12.75726 1323276 1372602 16.49908 19.84106 9 1248756 13021041 13.57948 1416397 14.77566 15.41571 16.00535 16.78584 20.79890 25.80232 10 1519293 1593742 1672301 1754874 1841975 1933730 2030372 25.9546 33.25290 " 16.04540 12 17.50029 1853117 2014072 21.38420 B 21.49530 2295338 2452271 M 24.21432 26.01919 2757438 15 27.15211 25.36002 31.77348 30 09492 3440536 3727971 19.56143 2065458 21.81432 22.71319 24.13313 2565018 2727075 26.21164 28.02911 29.98470 3200105 32.39260 34.88271 2304452 2434928 32.15042 42.56613 2500167 3958050 54.2004 3435192 449000 68.79958 3758107 4050471 50.19592 694547 40.41746 4384241 4750041 72.03511 109864 16 30.33428 3100340 3504973 30.18995 42.75320 4667173 50 08035 138105 17 1175023 497370 4054470 44.50084 5373906 59.11700 6501509 10593056 17343548 " 37.45034 4130134 4559917 5574975 61.72514 68.39407 7583636 12811667 21804460 " 41.44626 4601846 51.15909 5653949 6347 70.74941 78.56923 21181 15474000 273.55576 20 45.76156 $1.150121 $7.27500 6420283 7205244 809483 9102493 102.44358 18648000 34294470 25 30 731004 11126121 13630754 8410000 0.34706 114 41331 15561906 164.49402 19902088 24133268 3567865 212.79302 43474515 1115 1054.79118 322717427 Present Value of Annuity of $1 Periods 1.0% 2.0% 3.0% 3.75% 4.0% 6.25% 5.0% 8.0% 7.0% 1 0.99010 098039 057087 0.96386 0.06154 0.95923 0.95238 094340 0.93458 2 1.57040 194156 191347 1.89287 1.88609 1.07936 1.85941 183339 180002 3 2.94099 23 282061 2.78831 2.77509 2.76158 2.72325 2.67301 262432 4 150197 300773 3.71710 105130 1.62990 360061 354595 2.46511 3.38721 435343 471346 4.57971 448326 445182 4.42073 432948 421236 4.10020 5.79548 5.60143 541719 5.28507 524214 519974 5.07549 491732 476454 7 6.72019 6.47199 6.23028 6.05790 6.00205 59499 5.78637 558238 5.38929 7.65168 732548 7.01969 6.80280 6.73274 666378 646321 6.20979 597130 9 8.56002 16224 7.70611 7.52077 743533 7.35135 7,10782 630169 651523 10 9.47130 8.98250 8.53020 21279 11090 01089 7.72173 7.36009 7.02358 11 10.36763 9.70685 925262 887979 8.76048 864354 830641 7.88687 749867 12 11.25508 10.57534 9.95400 9.52269 9.38507 9.25039 06325 838384 754209 13 12.13374 11.34837 1063496 10.14236 9.98565 9.83251 9.39357 8.85268 835765 14 13.00370 12.10625 11.29607 10.73962 1056312 10.39090 9.890647 9.29498 874547 15 1386505 12.84926 11.93794 11.31530 11.11839 10.92652 10.37966 971225 510791 16 14.71787 1357771 12.56110 1187017 11.65230 1144031 10.83777 10.10590 5.44665 17 1556225 14.29187 13.16612 12.40498 12.16567 11.93315 11.27407 10.47726 9.76322 10 16.39827 14.99203 13.75351 12.92046 12.65930 12.40590 10.82760 10.05909 19 17.22601 15.67846 14.32300 1341731 13.13304 12.85938 12.00532 11.15812 10.33560 20 1804555 16.35143 14.87747 13.09620 1359033 13.29437 12.46221 11.46092 10.50401 25 2202316 1952346 17.41315 16.04320 15.62208 1521734 14.09394 12.78336 11.65358 30 2500771 2230646 1950044 17.82925 17.29203 16.77902 15.37245 13.76483 12.40004 Periods 8.0% 3.0% 10.0% 11.0% 12.0% 13.0% 14.0% 15.0% 20.0% 25.0% 1 0.92503 0.91743 090909 090090 0.0046 087719 0.00957 033333 0.00000 2 1.78326 175911 173554 171252 169005 1.66810 164666 1.62571 1.52778 1.44000 . 257710 253129 2.40685 2.44371 2.40183 2.36115 2.32163 2.38323 2.10648 1.952001 4 331213 323972 3.16987 3.10245 3.03735 2.97447 291371 28548 2.54873 2.36100 $ 399271 375079 3.69500 3.60478 3.51723 343300 3.35216 2.99061 2.68928 6 442208 443592 435526 4.23054 4.11141 3.99755 388867 3.78448 132551 2.95142 5.20637 5.03296 436842 471220 4.56376 4.42261 4.28830 4.14042 300450 3.16114 574664 553482 533493 5.14612 4.96764 4.79877 4.63886 448732 3.83716 3.32891 9 624649 599525 5.75902 5.53705 532025 5.13166 494637 4.77158 4.03097 3.46313 10 671008 641706 614457 588923 5.65022 5.42624 521612 5018771 4.19247 3.57050 11 713096 600519 649506 620652 5.93770 560694 5.45273 5.23371 432706 3.65640 12 753608 7,16073 681360 649236 6.19437 5.91765 5.66029 5.42062 443922 3.72512 13 7.90370 7.10336 674907 642355 612181 584236 5.58315 453268 3.70010 14 824424 7.78615 7.36669 6.62817 6.30249 6.00207 5.72448 461057 382400 15 855948 806009 760608 7.19007 681006 6.46238 6.14217 584737 467547 385926 16 885137 431256 7.82371 737916 6.97399 6.6038 626506 5.95423 4.72956 3.88741 17 5.12164 854363 02155 754879 7,11963 672909 637206 604716 4.77463 2.90993 18 537105 875563 8.20141 7.70162 724567 683991 646742 6.12797 481219 3.92794 19 5.60360 895011 836492 7.83929 7.36578 6.93797 6.55037 6.19823 434350 394235 20 981815 9.12855 851356 196333 1.46944 7.02475 662213 625933 486558 395388 25 10.67478 982258 907704 42174 784314 132998 687293 646415 494750 390489 30 11.25778 1027365 9.42691 865379 805518 7.49565 700266 656598 4.97894 199505 Case C Case C: James Corporation is planning to issue $1,180,000 worth of bonds with a coupon rate of 5 percent. The bonds mature in 10 years and pay interest annually. All of the bonds were sold on January 1 of this year. Required: 1. Assume market (yield) rate, 5 percent. Compute the issue (sale) price on January 1 of this year. 2. Assume market (yield) rate, 4 percent. Compute the issue (sale) price on January 1 of this year. 3. Assume market (yield) rate, 6 percent. Compute the issue (sale) price on January 1 of this year. 1. Issue price 2. Issue price 3. Issue price Case D bk Case D: Miller Bikes is a national chain of upscale bicycle shops. The company has followed a successful strategy of locating near major universities. Miller has the opportunity to expand into several new markets but must raise additional capital. The company has engaged in the following transactions: Issued 46,800 additional shares of common stock. The stock has a $1 par value. The shares sold for $25 per share. Issued bonds. These bonds have a face value of $1,180,000 and a coupon rate of 10 percent. The bonds mature in 10 years and pay interest semiannually. When the bonds were issued, the annual market rate of interest was 8 percent. Required: 1. Record the sale of the bonds. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) 2. Record the issuance of the stock. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

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