Determining the Proceeds from Bond Issues Madison Corporation is authorized to issue $300,000 of 5 -year bonds dated June 30,2019 , with a stated rate of interest of 9%. 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 seils the following: (Click here to access the tables to use with this exercise and round your answers to two decimal places, if necessary.) 3 Present value of 1 pyy =(t+1)21 Present Value of an Ordinury Annulty of 1:p0Ny=11t+11 Table 3 (conduded) Tabile 4 (conduded) Determining the Proceeds from Bond Issues Madison Corporation is authorized to issue $300,000 of 5 -year bonds dated June 30,2019 , with a stated rate of interest of 9%. 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 seils the following: (Click here to access the tables to use with this exercise and round your answers to two decimal places, if necessary.) 3 Present value of 1 pyy =(t+1)21 Present Value of an Ordinury Annulty of 1:p0Ny=11t+11 Table 3 (conduded) Tabile 4 (conduded)