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Willson Glassware Company issues $1,015,000 of 13%, 10-year bonds at 98 on February 28, 2019. The bond pays intereste on February 28 and August 31. On August 31, 2019, how much cash did Willson pay to the bondholders?
Expert Answer
Willson Glassware Company issues $1,015,000 of 13%, 10-year bonds at 98 on February 28, 2019. The bond pays intereste on February 28 and August 31. On August 31, 2019, how much cash did Willson pay to the bondholders?
