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Crane, a Crown corporation owned by the government, issued bonds to finance the construction of the next generation of observation satellites. On January 1,2024, Crane

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Crane, a Crown corporation owned by the government, issued bonds to finance the construction of the next generation of observation satellites. On January 1,2024, Crane issued 7%,15-year bonds with aface value of $244,000,000. The bonds will pay interest semb. annually on June 30 and December 31 . (a) Calculate the amount of cash Crane will receive if the bonds are sold under each of the following bond alternatives: i. TY (issued at par) ii. a price of 95.542 to yield 7.5% iil. a premium in the amount of $11,590.000 and first interest payment of $8.306,675

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