On July 1, 2017, Salmon Corp.issued $600,000, 8% bonds at 99 plus accrued interest.The bonds are dated April 1, 2017 and mature on April 1, 2027.Interest is payable semi-annually on April 1 and October 1.How much did Salmon receive from the bond issuance?
A) $594,000
B) $600,000
C) $606,000
D) $602,000
Correct Answer:
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