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On April 1 Eagle Corp, purchased $ 8 0 , 0 0 0 of Bobcat inc's 1 2 % bonds at a purchase price of
On April Eagle Corp, purchased $ of Bobcat inc's bonds at a purchase price of Eagle Corp., whose year end is December expects to hold the bonds until their maturity date years from the date of purchase. Interest on the bonds will be paid every April and October until maturity. How much cash will Eagle Corp. receive and how much total interest revenue will Eagle Corp. report relative to the first October interest payment, assuming the market rate of interest at the time the bonds are purchased isO Cash $; Interest Revenue $O Cash $; Interest Revenue $O Cash $; Interest Revenue $ Cash $; Interest Revenue $ None of the above.
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