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 the following: $($Click here to access the tables to use with this exercise and round your answers to two decimal places, if necessary.$)$

$1.$ The bonds to yield $12\%$ $fill in the blank $1$

$2.$ The bonds to yield $10\%$ $fill in the blank $2$