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On January 1, 2016, Westeros Corporation issued 2,400,000 of twelve-year, 8% bonds at an effective market) interest rate of 10%. The bonds make a cash

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On January 1, 2016, Westeros Corporation issued 2,400,000 of twelve-year, 8% bonds at an effective market) interest rate of 10%. The bonds make a cash interest payment each year on December 31. What are the cash proceeds that Westeros received on January 1, 2016? Select one: a. 2,072.943 b. 2,762.732 C. 2.105,061 d. 2.400,000

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