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Macdonald issues a $10,000,000 7%, 20 year bond dated January 1, 2016. Interest is paid every January 1 and July 1. The bond sold for
Macdonald issues a $10,000,000 7%, 20 year bond dated January 1, 2016. Interest is paid every January 1 and July 1. The bond sold for $9,800,000 on march 1, 2016. How much total cash was received on march 1, 2016?
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Financial Accounting Information For Decisions
Authors: Robert w Ingram, Thomas L Albright
6th Edition
