If $1,000,000 of 8% Bonds Are Issued at 105, the Amount

question 1

Multiple Choice

If $1,000,000 of 8% bonds are issued at 105, the amount of cash received from the sale is

• A) $1,080,000
• B) $950,000
• C) $1,000,000
• D) $1,050,000

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