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Bonds pay interest semiannually

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On November 30, 2011, Just in Thyme, Inc. issued $10,000 of 20-year, 9% bonds at 100. The bonds pay interest semiannually on May 31 and November 30. How much cash did Just in Thyme receive when the bonds were issued?

Reference no: EM13990995

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Bonds pay interest semiannually : On November 30, 2011, Just in Thyme, Inc. issued $10,000 of 20-year, 9% bonds at 100. The bonds pay interest semiannually on May 31 and November 30. How much cash did Just in Thyme receive when the bonds were issued?
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