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Stanger Inc. originally planned to issue $100,000 of 6.0% par bonds on January 1, 20X7 with interest payable on June 30 and December 31. Due

Stanger Inc. originally planned to issue $100,000 of 6.0% par bonds on January 1, 20X7 with interest payable on June 30 and December 31. Due to some delays in the regulatory approval process the bonds are not issued (sold) until March 1, 20X7. What was the total amount of cash that Stanger Inc. received from the sale of the bonds?

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