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B&B Limited issued $2,000,000 of 6%, 10-year bonds at a discount on July 1. The bonds pay interest semiannually. Approximately how much cash did B&B
B&B Limited issued $2,000,000 of 6%, 10-year bonds at a discount on July 1. The bonds pay interest semiannually.
Approximately how much cash did B&B receive upon issuance?
- $2,000,000
- $2,120,000
- $1,968,000
- $2,200,000
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Sound Investing, Chapter 15 - Liability Tricks
Authors: Kate Mooney
2nd Edition
0071719377, 9780071719377
