The bonds pays interest semiannually on june 30 and, Ask an Expert

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Q. Everhart Company issues $15,000,000, 6%, 5-year bonds dated January 1, 2012 on January 1, 2012. The bonds pays interest semiannually on June 30 and December 31. The bonds are issued to yield 5%. Illustrate what are the proceeds from the bond issue?

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