Madison Corporation is authorized to issue $660,000 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 the following:

1. The bonds to yield 12%

2. The bonds to yield 10%