Question: Eckert Company issues $10,000,000,6%,5-year bonds dated July 1, 2017 on July 1, 2017. The bonds pay interest semiannually on December 31 and June 30 .

Eckert Company issues $10,000,000,6%,5-year bonds dated July 1, 2017 on July

Eckert Company issues $10,000,000,6%,5-year bonds dated July 1, 2017 on July 1, 2017. The bonds pay interest semiannually on December 31 and June 30 . The bonds are issued to yield 5%. What are the proceeds from the bond issue? $10,432,988$10,437,618$10,000,000$10,434,616

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