McDonald Sales prepared a bond issue of $20,000 dated January 1,2013.The bonds have a stated rate of 3% and a term of 6 years.The bond issue was delayed,and the bonds were finally sold on March 1,2013 at par.How much cash will McDonald receive for the bonds?
A) $19,900
B) $20,000
C) $20,100
D) $20,300
Correct Answer:
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