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Company Z issued a bond at 102. The cash received at date of issuance was $239,700. What was the amount of premium recorded at issuance?

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Company Z issued a bond at 102. The cash received at date of issuance was $239,700. What was the amount of premium recorded at issuance? O $4,794 O $4,700 O $235,000 O $244,494

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