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Superior Drive-Ins borrowed money by issuing $1,000,000 of 8% bonds payable at 945. Interest is paid semiannually Requirements 1. How much cash did Superior receive

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Superior Drive-Ins borrowed money by issuing $1,000,000 of 8% bonds payable at 945. Interest is paid semiannually Requirements 1. How much cash did Superior receive when it issued the bonds payable? 2. How much must Superior pay back at maturity? 3. How much cash interest will Superior pay each six months? Requirement 1. How much cash did Superior receive when it issued the bonds payable? Amount of cash Superior received when the bonds payable were issued = Requirement 2. How much must Superior pay back at maturity ? At maturity, Superior must pay back Requirement 3. How much cash interest will Superior pay each six months? Every six months, Superior will pay interest of

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