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(a) On March 1, 2020, Tamarisk Inc. issued $4.2 million of 8% bonds at 101 plus accrued interest. The bonds are dated January 1, 2020,

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(a) On March 1, 2020, Tamarisk Inc. issued $4.2 million of 8% bonds at 101 plus accrued interest. The bonds are dated January 1, 2020, and pay interest semi-annually on July 1 and January 1. In addition, Tamarisk incurred $26,000 of bond issuance costs. Calculate the net amount of cash received by Tamarisk as a result of the issuance of these bonds. Net Amount of Cash $ Save for Later Attempts: 0 of 1 used Submit

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