What proceeds does bushman

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Reference no: EM131911502

Bushman, Inc., issues $400,000 of bonds to private investors. The bonds are due in 8 years, and have an 8% coupon rate, and interest is paid semi-annually. The bonds are sold to yield 10%.

a. What proceeds does Bushman, Inc. receive from investors?

b. What periodic interest payment does Bushman make to investors?

Reference no: EM131911502

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