On july 1 2010 spear co issued 1000 of its 10 1000 bonds at

Reference no: EM13592183

On July 1, 2010, Spear Co. issued 1,000 of its 10%, $1,000 bonds at 99 plus accrued interest. The bonds are dated April 1, 2010 and mature on April 1, 2020. Interest is payable semiannually on April 1 and October 1.

Required: What amount did Spear receive from the bond issuance?

Reference no: EM13592183

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