Bandaks Enterprises authorized the issuance of $6,000,000 of 10-year,8% bonds dated March 1,2010,with semiannual interest payment dates of September 1 and March 1.Determine the cash proceeds from the sale of the bonds on March 1,2010 if the bonds are sold to yield 10%.

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The Answer of Bandaks Enterprises authorized the issuance of $6,000,000 of 10-year,8% bonds dated March 1,2010,with semiannual interest payment dates of September 1 and March 1.Determine the cash proceeds from the sale of the bonds on March 1,2010 if the bonds are sold to yield 10%.

Bandaks Enterprises Authorized the Issuance of $6,000,000 of 10-Year,8% Bonds