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What amount did Swifty receive from the bond issuance

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Question - On July 1, 2021, Swifty Corporation issued 4500 of its 12%, $1,000 bonds at 98 plus accrued interest. The bonds are dated April 1, 2021 and mature on April 1, 2031. Interest is payable semiannually on April 1 and October 1. What amount did Swifty receive from the bond issuance?

a. $4310000

b. $4500000

c. $4410000

d. $4545000

Reference no: EM132671845

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