If $2,000,000 of 10% Bonds Are Issued at 95, the Amount

question 91

Multiple Choice

If $2,000,000 of 10% bonds are issued at 95, the amount of cash received from the sale is

• A) $2,200,000
• B) $2,000,000
• C) $2,100,000
• D) $1,900,000

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