Use the Following Information for Questions

question 2

Multiple Choice

Use the following information for questions.
On January 1, 2017, Satin Corp.issued eight-year, 6% bonds with a face value of $500,000, with interest payable semi-annually on June 30 and December 31.The bonds were sold to yield 8%.Table values are:
-The present value of the principal is

• A)$267,000.
• B)$270,000.
• C)$311,500.
• D)$313,500.

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Definitions:

Hourly Rate

The sum of money received for every hour worked.

Unit Price

The cost per single unit of an item or investment.

Percent Change

The measurement of the relative change of a quantity, expressed as a percentage, to denote increase or decrease from one period to another.

Share Price

The current price of a single share of a company's stock on the market.