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​Drive-Ins borrowed money by issuing $ 2 comma 500 comma 000 of 8 % bonds payable at 96.5. Interest is paid semiannually. Requirements 1. How much cash did Sonic receive when it issued the bonds​ payable?
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21 votes
21 votes
​Drive-Ins borrowed money by issuing $ 2 comma 500 comma 000 of 8 % bonds payable at 96.5. Interest is paid semiannually. Requirements 1. How much cash did Sonic receive when it issued the bonds​ payable? 2. How much must Sonic pay back at​ maturity? 3. How much cash interest will Sonic pay each six​ months? Requirement 1. How much cash did Sonic receive when it issued the bonds​ payable?

User GullerYA
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1 Answer

29 votes
29 votes

Answer:

I don't think he got any back

Step-by-step explanation:

The money could have been a tip.

User Scott Z
by
3.3k points
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