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On July 1,2025, Cullumber Co. issued 5500 of its 10%,$1000 bonds at 99 plus accrued...

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Accounting

On July 1,2025, Cullumber Co. issued 5500 of its 10%,$1000 bonds at 99 plus accrued interest. The bonds are dated April 1,2025 and mature on April 1,2031. Interest is payable semiannually on April 1 and October 1. What amount did Cullumber receive from the bond issuance?
$5582500
$5345000
$5445000
$5500000
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