Question: Current Attempt in Progress Bonita Ltd. issued five-year bonds with a face value of $330,000 on January 1. The bonds have a coupon interest rate

Current Attempt in Progress Bonita Ltd. issued five-year bonds with a face value of $330,000 on January 1. The bonds have a coupon interest rate of 4% and interest is paid semi-annually on June 30 and December 31. The market interest rate was 5% when the bonds were issued at a price of 94. (a) Your answer is incorrect. Using above Information, determine the proceeds received by the company when the bonds were issued. Proceeds from issue of the bonds 5640

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