If $3,000,000 of 10% Bonds Are Issued at 95, the Amount

question 124

Multiple Choice

If $3,000,000 of 10% bonds are issued at 95, the amount of cash received from the sale is

• A) $3,300,000
• B) $3,000,000
• C) $3,150,000
• D) $2,850,000