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What the amount of cash received from the sale is

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Reference no: EM132985657

Problem 1: If $1,000,000 of 8% bonds are issued at 102 3/4, the amount of cash received from the sale is

a. $972,500

b. $1,027,500

c. $1,080,000

d. $1,000,000

Reference no: EM132985657

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