Question: Blaze Limited issued $ 5 0 0 , 0 0 0 of 5 % , 1 0 - year bonds at a premium on July

Blaze Limited issued $500,000 of 5%,10-year bonds at a premium on July 1. The bonds pay interest semiannually.
Approximately how much cash did Blaze receive upon issuance?
$495,000
$487,500
$500,000
$505,000

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