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    Cash Received When Bonds are Issued at a Premium

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    80,000 of 4% bonds are issued at 102 1/2, the amount of cash received from the sale is?
    Would the answer simply be 80,000?

    © BrainMass Inc. brainmass.com October 9, 2019, 9:19 pm ad1c9bdddf
    https://brainmass.com/business/convertible-bonds/cash-received-bonds-issued-premium-180715

    Solution Summary

    The solution explains how to calculate the amount of cash received when bonds are issued at a premium.

    $2.19