Amount of cash company should receive from bond issuance

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Reference no: EM131208682

On July 1, 2018, a company issued 4,000 of its 10%, $1,000 bonds at 99 plus accrued interest. The bonds are dated April 1, 2018 and mature on April 1, 2028. Interest is payable semiannually on April 1 and October Calculate the amount of cash the company should receive from the bond issuance.

Reference no: EM131208682

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