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77. - Company YYY issued 5,000 bonds with a face value of $1,000 each. - The bonds carry an annual interest



77.  
    - Company YYY issued 5,000 bonds with a face value of $1,000 each.
    - The bonds carry an annual interest rate of 6% and mature in 10 years.
    Calculate the total amount of cash received from issuing the bonds. Explain the impact of bonds on long-term financing.

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