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Calculate the amount that the company will actually receive

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Question - Pearl Company sells $1,000,000 general obligation bonds for 101. The interest rate on the bonds, paid semi-annually, is 6 percent. Calculate (a) the amount that the company will actually receive from the sale of the bonds, and (b) the amount of cash interest that the company will be required to pay semi-annually.

Reference no: EM132791273

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