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Concord Corporation issues $20700000 of 10-year, 9% bonds on March 1, 2020 at 98 plus accrued interest. The bonds are dated January 1, 2020, and

Concord Corporation issues $20700000 of 10-year, 9% bonds on March 1, 2020 at 98 plus accrued interest. The bonds are dated January 1, 2020, and pay interest on June 30 and December 31. What is the total cash received on the issue date? $20596500 $19996500 $21372750 $20286000

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