Question
Farmer Company issues $30,000,000 of 10-year, 9% bonds on March 1, 2017 at 97 plus accrued interest. The bonds are dated January 1, 2017, and
Farmer Company issues $30,000,000 of 10-year, 9% bonds on March 1, 2017 at 97 plus accrued interest. The bonds are dated January 1, 2017, and pay interest on June 30 and December 31. What is the total cash received on the issue date?
|
| $29,550,000 |
|
| $28,650,000 |
|
| $29,100,000 |
|
| $30,675,000 |
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Effective Use Of Teams For IT Audits
Authors: Martin Krist
1st Edition
0849398282, 978-0849398285
