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Ayayai Company issues $ 2 6 5 0 0 0 0 0 , 5 . 0 % , 5 - year bonds dated July 1

Ayayai Company issues $26500000,5.0%,5-year bonds dated July 1,2025 on July 1,2025. The bonds pay interest semiannually on
December 31 and June 30. The bonds are issued to yield 4.0%. What are the proceeds from the bond issue?
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