Downing company issues $5,000,000, 6%, 5-year bonds dated january 1, 2017 on january 1, 2017. the bonds pay interest semiannually on june 30 and december 31. the bonds are issued to yield 5%. what are the proceeds from the bond issue?

Frugala is when sylvestor puts $2,000 into 10-year state bonds and $3,000 into 5-year aaa-rated bonds in steady hand hardware, inc. he buys the four state bonds at a 5 percent interest rate and the three steady hand bonds at a 6.5 percent rate. sylvestor also buys $1,500 worth of blue chip stocks, and $800 worth of stock in a promising new sportswear company that reinvests its earnings in new growth. 1. (a) what is the maturity for each of the bond groups sylvestor buys? (b) the coupon rate? (c) the par value?