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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Definitions:

Capitalists

Individuals or entities that own capital, invest in businesses, and seek to generate profits.

Harriet Martineau

A 19th-century English social theorist and writer known for her work in sociology, political economy, and feminism.

Auguste Comte

A French philosopher known for being the father of sociology and positivism, emphasizing empirical methods of study.

Observing Behavior

The act of systematically watching and recording the actions and reactions of individuals or groups to understand psychological processes or social dynamics.