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What florida would receive net cash of

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Question 1: On July 1, 2015, Florida Corporation issued at 97 plus accrued interest, 2,000 of its 10%, P1, 000 bonds. The bonds are dated January 1, 2015 and mature on April 1, 2023. Interest is payable semi-annually on April 1 and October 1. From the bond issuance, Florida would receive net cash of .

a. P 1,990,000

b. P 1,965,000

c. P 1,940,000

d. P 1,890,000

Reference no: EM132578049

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