Use the Following Information for Questions

question 8

Multiple Choice

Use the following information for questions.issued eight-year bonds with a face value of $1,000,000 and a stated interest rate of 6%, payable semiannually on June 30 and December 31.The bonds were sold to yield 8%.Table values are:
-Everhart Company issues $10,000,000, 6%, 5-year bonds dated January 1, 2010 on January 1, 2010.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?

• A)$10,000,000
• B)$10,432,988
• C)$10,437,618
• D)$10,434,616

---

Definitions:

Stable Pattern

A consistent and predictable sequence of actions or behaviors over time.

Appropriate Aptitudes

The specific skills or capabilities that are suitable and relevant for a particular task or job role.

Job Incumbents

Individuals who currently hold a particular job position within an organization, responsible for performing the duties associated with that role.

Motivate Employees

Motivating employees involves using strategies or practices to inspire and encourage workers to perform their best and achieve organizational goals.