Question: Determined the proceeds from the bond issues A B C D E F G H K L M N 1 Determining the Proceeds from Bond

Determined the proceeds from the bond issues

A B C D E F G H K L M N 1 Determining the Proceeds from Bond Issues 2 3 Madison Corporation is authorized to issue bonds dated June 30, 2019. Interest on the bonds is payable semiannually, and the bonds are sold on June 30, 2019. 4 5 DATA 6 Bond issue volume $440,000 7 Bond maturity, years 5 8 Stated rate of interest 9% 9 10 REQUIRED: 11 Determine the proceeds that the company will receive if it sells the following bonds. 12 13 14 15 Proceeds From Sale Formulas 16 1. Bonds to yield 10% 17 2. Bonds to yield 8% 18 19 20 21 22

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