Question: Jimenez Enterprises issued 9 8 year 2 600 000 par value bonds that

Jimenez Enterprises issued 9%, 8-year, $2,600,000 par value bonds that pay interest semiannually on October 1 and April 1. The bonds are dated April 1, 2014, and are issued on that date. The discount rate of interest for such bonds on April 1, 2014, is 10%.
What cash proceeds did Jimenez receive from issuance of the bonds?


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  • CreatedApril 07, 2014
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