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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?

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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