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in jan 1, 2023 the collins corporation issued $42 million bonds, carrying a coupon rate of 5% with interest paid semiannually at dec 31 and
in jan 1, 2023 the collins corporation issued $42 million bonds, carrying a coupon rate of 5% with interest paid semiannually at dec 31 and july 1. at the time of the note issue, similar credit rating debt instruments carried yield rates of 8%. collins uses IFRS. the bonds matured in 5 years. calculate the proceeds that collins corp will receive from the sale of the notes
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