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On September 1, 2021. Sam's Shoe Co. issued $480,000 of 7% bonds. The bonds pay interest semiannually on January 1 and July 1 of

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On September 1, 2021. Sam's Shoe Co. issued $480,000 of 7% bonds. The bonds pay interest semiannually on January 1 and July 1 of each year. The bonds were sold at the face amount. How much cash did Sam's receive upon sale of the bonds? (Do not round Intermediate calculations and round your final answer to nearest whole dollar.) Multiple Choice $513,600. $485.600. $496,800. $480,000. "Untitled Notepad File Edit Format View Help X NO NEED TO PROVIDE WORK, I JUST NEED THE CORRECT ANSWER, NOTHING MORE. PLEASE DO NOT WASTE YOUR TIME TO SHOW WORK < 100% Windows (CRLF) UTF-8

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