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LI Inc. was authorized to issue $3,000,000 of 10-year, 6% bonds payable on 1 August 2002. The bonds are due on 31 July 2012 Interest payments dates were 31 July and 31 January. The bond was sold to yield 8%. Required: 1. Calculate the proceeds from issuance. (Round your answer to the nearest whole dollar amount.) Proceeds from issuance 2. Calculate the proceeds from issuance if the yield rate is 5% and the bond is issued on 1 August 2004, still with a maturity date of 31 July 2012. (Round your answer to the nearest whole dollar amount.) Proceeds from issuance 3. Calculate the proceeds from issuance if the yield rate is 8%, and the bond is issued between interest dates, on 1 October 2002, still with a maturity date of 31 July 2012. Exclude accrued interest. (Round your answer to the nearest whole dollar amount.) Proceeds from issuance Consider the following three cases. Cose 1 A company has four legal claims outstanding, each for $104,000. There is a 10% chance that one claim will be paid out, a 10% chance that two will be paid out, a 5% chance for three, and a 5% chance for four payouts. Case 2 A company has four legal claims outstanding, each for $104,000. There is a 10% chance that one claim will be paid out, a 60% chance that two will be paid out, a 5% chance for three, and a 15% chance for four payouts. Case 3 A company has four legal claims outstanding, each for $104,000. There is a 30% chance that one claim will be paid out, a 20% chance that two will be paid out, a 20% chance for three, and a 20% chance for four payouts. Required: 1. For each case, decide if some payout is likely or not likely and calculate the expected value. Case Likely or Not Expected Likely? Value 1 2 3