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Business, 27.08.2020 16:01 taylorpayne525p8qxky

Determining the Proceeds from Bond IssuesMadison 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 the following: 1. The bonds to yield 12%.2. The bonds to yield 10%.

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