3& 14 and one question from Ch 15) Power Solutions Ltd. issues a $14,500,000, five year, 4.5% bond with semi-annual interest payments. Underwriting costs, paid up front. are $928,000. The bond sells at pac Required: 1. How much cash does Power receive when the bond is issued? 2. What is the effective interest rate on the bond? (Round your answer to the nearest whole percentage.) Elective interest rate per annum Help Save & Exit Submit