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Farmer Company issues $30,000,000 of 10-year, 9% bonds on March 1, 20x1 at 97, The bonds are dated January 1, 20x1, and pay interest on

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Farmer Company issues $30,000,000 of 10-year, 9% bonds on March 1, 20x1 at 97, The bonds are dated January 1, 20x1, and pay interest on June 30 and December 31. What is the total cash received on the issue date? O $29,100,000 O $30,675,000 $29,550,000 O $28,650,000

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