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Feller Company issues $20,000,000 of 10-year, 9% bonds on March 1, 2020 at 97 plus accrued interest. The bonds are dated January 1, 2020, and pay interest on June 30 and December 31. What is the total cash received on the issue date

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Based on the amount of bonds issued by Feller Company on March 1, 2020, the total cash received on issue date was $19,400,000

How much did Feller Company receive?

This can be found as:

= Par value of bonds x Issue percentage

Solving gives:

= 20,000,000 x 97/100

= 20,000,000 x 0.97

= $19,400,000

Find out more on bond issuance at https://brainly.com/question/25596583.

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