Compute the net amount of cash received

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Question: Wilke Company issued at 103 plus accrued interest $4,000,000, 9% bonds. The bonds are dated January 1, 2015, and pay interest semiannually on July 1 and January 1. In addition, Wilke Company incurred $27,000 of bond issuance costs. Compute the net amount of cash received by Wilke Company as a result of the issuance of these bonds.

Reference no: EM132086254

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