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Company Y issued a 10-year bond with a face value of $5,000,000 on 01/01/2016 at 104. The bonds pay interest semi-annually on 01/01 and 01/07.

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Company Y issued a 10-year bond with a face value of $5,000,000 on 01/01/2016 at 104. The bonds pay interest semi-annually on 01/01 and 01/07. How much the total cash received on the issue date? on Select one: O a. $52,200,000 O b. $5,200,000 O c. $5,000,000 O d. $4,807,692 ege Nex page

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