Essay
On October 1,2015,when the market rate was 5%,Galaxy Corp issued $500,000,5%,10-year bonds.The bonds were dated June 30,2015,and were issued at par plus accrued interest.Interest is payable semiannually on December 31 and June 30.Calculate the total cash received by Galaxy Corp on October 1,2015.
Correct Answer:
Verified
Correct Answer:
Verified
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