Solved

If $1,000,000 of 8% Bonds Are Issued at 102 3/4

Question 32

Multiple Choice

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

A) $1,080,000
B) $972,500
C) $1,000,000
D) $1,027,500

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