Madison Corporation is authorized to issue $330,000 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 sells the following: (round your answers to two decimal places, if necessary.)

1. The bonds to yield 10%
2. The bonds to yield 8%