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Determine the proceeds that the company will receive

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Problem - Determining the Proceeds from Bond Issues Madison Corporation is authorized to issue $500,000 of 5-year bonds dated June 30, 2019, with a stated rate of interest of 11%. Interest on the bonds is payable semiannually, and the bonds are sold on June 30, 2019.

Required - Determine the proceeds that the company will receive if it sells (1) the bonds to yield 12% (2) the bonds to yield 10%.

Reference no: EM132888781

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