Selling bonds.Berkman Investment Bank has the following bond deals under way:Determine the net proceeds of each bond and the cost of the bonds for each company in terms of yield. The bond yield in the table is the market yield before the bank charges its commission. Assume all bonds are semiannual and issued at a par value of $1,000.

Company	Bond Yield	Commission	Coupon Rate	Maturity
Rawlings	7.5%	2.1% of sale price	0.0%	20 years
Wilson	7.8%	2.7% of sale price	8.4%	20 years
Louis Sluggers	7.3%	2.1% of sale price	8.8%	10 years
Spalding	7.8%	3.8% of sale price	6.9%	20 years
Champions	8.5%	2.6% of sale price	6.3%	30 years

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