$30 million, 10-year, 10% unsecured bonds, interest payable semi-annually, on july 1 and january 1, to yield 12%.

Interest is the cost of borrowing money, or the return earned on saving or investing money. It is expressed as a percentage of the principal, or the amount of money loaned or invested. The lender or investor charges, or pays, interest to compensate for the time value of money, which is the idea that money has a different value at different points in time. When borrowing money, the borrower pays interest to the lender, and when lending money the lender receives interest from the borrower. Interest can also be earned in the form of dividends on stocks and bonds or from investments in savings products.

The bonds would pay interest semi-annually, on July 1 and January 1, with the interest payments calculated based on the 12% yield to maturity.
The 12% yield to maturity is the rate of return that the investor would expect to receive if they were to hold the bonds until the end of the 10-year term. The yield to maturity takes into account the coupon rate, the price paid for the bond, and the amount of time until the bond matures.
With this bond issue, investors would receive interest payments of $3 million per year, or $1.5 million every six months. The price of the bonds would vary depending on the prevailing market conditions.

To learn more about interest
https://brainly.com/question/25816355
#SPJ4