Question: Blu-Star Corporation issues a $15,000,000, 20-year bond with a contract rate of 9%. The market rate of interest for similar bonds is 10%. Interest

Blu-Star Corporation issues a $15,000,000, 20-year bond with a contract rate of 9%. The market rate of interest for similar bonds is 10%. Interest is payable semi-annually. What is the amount of cash Blu-Star Corporation receives from the bond issuance? $12,053,987 $15,000,000 $16,589,002 $13,713,136 ect Question 6 0/8 pt Blu-Star Corporation issues a $15,000,000, 20-year bond with a contract rate of 9%. The market rate of interest for similar bonds is 10%. Interest is payable semi-annually. The journal entry to record the issuance of this bond will include... a debit to Premium on Bonds Payable a debit to Discount on Bonds Payable a credit to Discount on Bonds Payable a credit to Premium on Bonds Payable

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