1. Barnett Industries, Inc., issued $600,000 of 8% bonds on January 1,2019 . The bonds pay interest semiannually on July 1 and January 1 . The maturity date on these bonds is December 31,2028 . The bonds were sold to yield a market rate of 9% Calculate the selling price of this bond. 2. Madison Corporation is authorized to issue $500,000 of 5 -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. Required: Determine the proceeds that the company will receive if it sells (a) the bonds to yield 12% and (b) the bonds to yield 10%. 1. Barnett Industries, Inc., issued $600,000 of 8% bonds on January 1,2019 . The bonds pay interest semiannually on July 1 and January 1 . The maturity date on these bonds is December 31,2028 . The bonds were sold to yield a market rate of 9% Calculate the selling price of this bond. 2. Madison Corporation is authorized to issue $500,000 of 5 -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. Required: Determine the proceeds that the company will receive if it sells (a) the bonds to yield 12% and (b) the bonds to yield 10%