Squabb Corporation issued a $12,000,000, 5-year bond, with a contract rate of 8%. The market rate of interest for similar bonds was 6%. Interest is payable semi-annually.   What is the amount of cash Squabb Corporation receives from the bond issuance?   Group of answer choices   $12,000,000   $11,254,022   $9,047,890   $13,023,576

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