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2 Ch.9.3) 150 . DueNov 11 Required information The following information applies to the questions displayed below On January 1, 2012, Shay issues $250.000 of

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2 Ch.9.3) 150 . DueNov 11 Required information The following information applies to the questions displayed below On January 1, 2012, Shay issues $250.000 of 10% 12-year bonds at a price of 9750. Six years later on January 1, 2023 Shay retires 20% of these bonds by buying them on the open market at 104.50. Al interestiscounted for and paid through December 31 2022, the day before the purchase. The stra n e method is used to more any bond discount How much does the company receive when it issues the bonds on January 2017

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