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If a $400,000 par value bond issue paying 8% with interest dates of June 30 and December 31, is sold in November 1 for par
If a $400,000 par value bond issue paying 8% with interest dates of June 30 and December 31, is sold in November 1 for par plus accrued interest, the cash proceeds received by the issuer on November 1 should be approximately a.) $405,000 b.) $408,000 c.) 411,000 d.) 416,000
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