Question
On July 1, 2021, Swifty Corporation issued 4500 of its 12%, $1,000 bonds at 98 plus accrued interest. The bonds are dated April 1, 2021
On July 1, 2021, Swifty Corporation issued 4500 of its 12%, $1,000 bonds at 98 plus accrued interest. The bonds are dated April 1, 2021 and mature on April 1, 2031. Interest is payable semiannually on April 1 and October 1. What amount did Swifty receive from the bond issuance?
$4310000
$4500000
$4410000
$4545000
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Introductory Financial Accounting for Business
Authors: Thomas Edmonds, Christopher Edmonds
1st edition
1260299449, 978-1260299441
