The Amount of Cash Received on Issuance of a 9

question 111

Multiple Choice

The amount of cash received on issuance of a 9 percent,$10,000 bond dated February 1 and issued June 1 at 102 1/2 is

• A)$10,300.
• B)$11,100.
• C)$10,200.
• D)$10,550.

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