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How much did Markham receive from the bond issuance

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Question - On July 1, 2020, Markham Corp. issued $800,000, 4% bonds at 98 plus accrued interest. The bonds are dated April 1, 2020 and mature on April 1, 2027. Interest is payable semi-annually on April 1 and October 1. How much did Markham receive from the bond issuance?

a) 792,000

b) 784,000

c) 776,000

d) 800,000

Reference no: EM132571683

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