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Question 7 2.5 pts On May 1, Legacy Corporation sold $250,000 of its 15%, five-year bonds dated January 1, for 100. The bonds pay interest
Question 7 2.5 pts On May 1, Legacy Corporation sold $250,000 of its 15%, five-year bonds dated January 1, for 100. The bonds pay interest on June 30 and December 31. {Note the bonds were sold between interest payment dates). How much cash was received? $265,625 $250,000 $287,500 $262.500 O $237.500
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