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Multiple Choice Question 64 Concord Corporation issues $20700000 of 10-year, 9% bonds on March 1, 2017 at 98 plus accrued interest. The bonds are dated

Multiple Choice Question 64

Concord Corporation issues $20700000 of 10-year, 9% bonds on March 1, 2017 at 98 plus accrued interest. The bonds are dated January 1, 2017, and pay interest on June 30 and December 31. What is the total cash received on the issue date?

$19996500

$20286000

$21372750

$20596500

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