Find the total proceeds (in $) from the sale of 20 bonds with a coupon rate of 8.75 and a current price of 96.575. (Round your answer to the nearest cent.) The commission charge is $4.00 per bond. The date of the transaction is 145 days since the last interest payment.

Find the total proceeds (in $) from the sale of 20 bonds with a coupon rate of 8.75 and a current price of 96.575. (Round your answer to the nearest cent.) The commission charge is $4.00 per bond. The date of the transaction is 145 days since the last interest payment.

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter13: Long-term Liabilities

Section: Chapter Questions

Problem 6MC: On July 1, a company sells 8-year $250,000 bonds with a stated interest rate of 6%. If interest...

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Find the total proceeds (in $) from the sale of 20 bonds with a coupon rate of 8.75 and a current price of 96.575. (Round your
answer to the nearest cent.)
The commission charge is $4.00 per bond. The date of the transaction is 145 days since the last interest payment.

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