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Determining the proceeds from bond issues

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Reference no: EM132482967

Question 1: Determining the Proceeds from Bond Issues

Madison Corporation is authorized to issue $430,000 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.

Question 2: 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.)

Reference no: EM132482967

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