Question 6 2.5 pts A $500,000, ten-year, 7% bond issue was sold to yield 6%...
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Question 6 2.5 pts A $500,000, ten-year, 7% bond issue was sold to yield 6% interest payable annually. Actuarial information for 10 periods is as follows: Present value of 1 PV of ordinary annuity 6% 0.55839 7.36009 7% 0.50835 7.02359 PV of annuity due 7.80169 7.51523 What is the amount of cash received at the date of issuance (round to the nearest dollar)? $536,798 O $511.778 $552.254 $517,208 O $500,000
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