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Shoes Unlimited issued $225,000 of 6%, 5-year bonds at par on July 1. The bonds pay interest semiannually. How much cash did Shoes Unlimited receive
Shoes Unlimited issued $225,000 of 6%, 5-year bonds at par on July 1. The bonds pay interest semiannually.
How much cash did Shoes Unlimited receive upon issuance?
$244,193 | ||
$205,807 | ||
$225.000 | ||
More information is needed to calculate |
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