Feller Company issues $10,000,000 of 10-year, 5% bonds on March 1, 2018 at 1.01 plus accrued interest. The bonds are dated January 1, 2018 and pay interest on June 30 and December 31. What is the total cash received on the issue date?

27 Feller Company issues $10,000,000 of 10-year, 5% bonds on March 1, 2018 at 1.01 plus accrued interest. The bonds are dated January 1, 2018 and pay interest on June 30 and December 31. What is the total cash received on the issue date? Cash received