On july 1 2007 risen co. issued 1500 of its 10 1000 bonds, Ask an Expert

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On July 1, 2007, Risen Co. issued 1500 of its 10%, $1,000 bonds at 99 plus accrued interest. The bonds are dated April 1, 2007 and mature on April 1, 2017. Interest is payable semiannually on April 1 and October 1. What total amount of cash did Risen receive on the issuance of the bonds?

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