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Business, 23.06.2019 23:00 joseaguilaroux4zh

Downing company issues $5,000,000, 6%, 5-year bonds dated january 1, 2017 on january 1, 2017. the bonds pay interest semiannually on june 30 and december 31. the bonds are issued to yield 5%. what are the proceeds from the bond issue?

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