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How much did markham receive from the bond issuance

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Problem 1: On July 1, 2020, Markham Corp. issued $ 800,000, 4% bonds at 98 plus accrued interest. The bonds are dated April 1, 2020 and mature on April 1, 2027. Interest is payable semi-annually on April 1 and October 1. How much did Markham receive from the bond issuance?

Reference no: EM132707678

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