Madison Corporation is authorized to issue $540,000 of 7-year bonds


Madison Corporation is authorized to issue $540,000 of 7-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.


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.)

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 The bonds to yield 12% =

The bonds to yield 10% =

It’s that simple.Pay only when you are satisfied.

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