You might find the following present value tahle nseful for tha ruactione )1_os. 21. On January 1, 20 1 1, Pro-Star Company issued 8% bonds with a face amount of $10 million at an effective interest rate (yield) of 9% with interest payable every December 31. The bonds mature on December 31,205. Compute the cash proceeds from the issuance of the bonds on January 1,201. its bonds from the market. The market interest rate for this kind of bond on January 1 , 202 was 10%