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RCM Corporation, a calendar-year firm, is authorized to issue $200,000 of 10 percent, 20-year bonds dated January 1, 2011, with interest payable on January 1
RCM Corporation, a calendar-year firm, is authorized to issue $200,000 of 10 percent, 20-year bonds dated January 1, 2011, with interest payable on January 1 and July 1 of each year. If the bonds were issued at 97 on April 1, 2011, plus accrued interest, the amount of cash received by RCM Corporation would be A) $200,000. B) $194,000. C) $199,000. D) none of these Please show all work to explain answer and incorrect ones
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