Blossom enterprises issued 9% 9-year, 2,760,000 bonds that pay interest annually on April 1. The...
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Blossom enterprises issued 9% 9-year, 2,760,000 bonds that pay interest annually on April 1. The bonds are dated April 1, 2022, and are issued on that date. The discount rate for such bonds on April 1, 2022, is 11%. What cash proceeds did Blossom receive from the issuance of the bonds?
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