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Current Attempt in Progress Oriole Equipment Inc. issued $86 million in 20-year bonds to...

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Accounting

Current Attempt in Progress
Oriole Equipment Inc. issued $86 million in 20-year bonds to finance the expansion of its school bus manufacturing operations in
Winnipeg. The bonds pay 5% interest semi-annually and were issued at 88.443 to yield 6%.
(a1)
Calculate the amount of cash Oriole received on issuance of the bonds.
Cash received
eTextbook and Media
List of Accounts
Attempts: 0 of 5 used
(a2)
The parts of this question must be completed in order. This part will be available when you complete the part above.
(b)
The parts of this question must be completed in order. This part will be available when you complete the part above.
(c)
The parts of this question must be completed in order. This part will be available when you complete the part above.
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