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On July 1, 2021, Vaughn Manufacturing issued 3900 of its 12%, $1,000 bonds at 98 plus accrued interest. The bonds are dated April 1, 2021
On July 1, 2021, Vaughn Manufacturing issued 3900 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 Vaughn receive from the bond issuance?
__$3822000
__$3939000
__$3900000
__$3722000
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