On January 1, 2016, Lundell Corporation issued a 5-year, 4%, $2,000 bond payable. Beginning in 2017, interest is payable every January 1 over the life of the bond. The bonds were issued at 105 3/4. How much cash did Lundell receive from issuing the bonds on January 1, 2016?

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The Answer of On January 1, 2016, Lundell Corporation issued a 5-year, 4%, $2,000 bond payable. Beginning in 2017, interest is payable every January 1 over the life of the bond. The bonds were issued at 105 3/4. How much cash did Lundell receive from issuing the bonds on January 1, 2016?

On January 1, 2016, Lundell Corporation Issued a 5-Year, 4