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Lime way Company issues $5,000,000, 6%, 5-year bonds dated January 1, 2007 on January 1, 2007. The bonds pay interest semiannually on June 30 and
Lime way Company issues $5,000,000, 6%, 5-year bonds dated January 1, 2007 on January 1, 2007. The bonds pay interest semiannually on June 30 and December 31. The bonds are issued to yield 5%. What are the proceeds from the bond issue? $5,000,000 $5.216.494 $5, 218, 809 $5, 217, 308 Am stop Company issues $20,000,000 of 10-year, 9% bonds on March 1, 2007 at 97 plus accrued interest. The bonds are dated January 1 2007, and pay interest on June 30 and December 31. What is the total cash received on the issue date? $19, 400,000 $20, 450,000 $19, 700,000 $19, 100,000
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