Question: On July 1 , 2 0 2 5 , Pharoah Co . issued 4 7 0 0 of its 9 % , $ 1 0

On July 1,2025, Pharoah Co. issued 4700 of its 9%,$1000 bonds at 98 plus accrued interest. The bonds are dated April 1,2025 and mature on April 1,2031. Interest is payable semiannually on April 1 and October 1. What amount did Pharoah receive from the bond issuance?
$4700000
$4606000
$4711750
$4525000
On July 1 , 2 0 2 5 , Pharoah Co . issued 4 7 0 0

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