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26 September, 06:54

If $1,000,000 of 8% bonds are issued at 102¾, the amount of cash received from the sale is

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  1. 26 September, 07:17
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    If $1,000,000 of 8% bonds are issued at 102¾, the amount of cash received from the sale is $1,027,500. To solve ($1,000,000 x 0.08 x 1023/4) : $1,027,500.
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