The company Milly works for has issued $110,000, 9%, three-year bonds at 102. Milly has been asked to determine the total cash to be paid to bondholders. Which of the following is the correct amount? o 881906 O s80,300 O $142,494 O $139,700

The company Milly works for has issued $110,000, 9%, three-year bonds at 102. Milly has been asked to determine the total cash to be paid to bondholders. Which of the following is the correct amount? o 881906 O s80,300 O $142,494 O $139,700

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

The company Milly works for has issued $110,000, 9%, three-year bonds at 102. Milly has been asked to determine the total cash to
be paid to bondholders. Which of the following is the correct amount?
O $81,906
O $80,300
O $142,494
O $139,700

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