m Review (optional) Question 6 of 9 < -/1 E : Sandhill Satellites Inc., a satellite communication provider, wants to develop the Internet of Things (IoT) by launching a constellation of next-generation satellites in a low Earth orbit (LEO). Sandhill issues bonds to finance the development, construction, and launch of the LEO satellites. Sandhill issued 6.0% 15-year bonds with a face value of $255,000,000. The bonds will pay interest quarterly. (a) Calculate the amount of cash Sandhill will receive if the bonds are sold at a yield rate of: i. 6.0% (issued at par) ii. 5.5% (issued at 105.08) iii. 6.5% (issued at 95.232) At 6.0% $ Cash received $ eTextbook and Media At 5.5% At 6.5% 38 1