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Business, 12.11.2019 00:31 atirahmalik2425
Gleason enterprises issued 6%, 8‐year, $2,500,000 par value bonds that pay interest semiannually on october 1 and april 1. the bonds are dated april 1, 2017, and are issued on that date. the discount rate of interest for such bonds on april 1, 2017, is 8%. what cash proceeds did gleason receive from issuance of the bonds?
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