If $1,000,000 of 9% bonds are issued at 102 3/4, the amount of cash received from the sale is a.$1,090,000 b.$1,027,500 c.$1,000,000 d.$750,000
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A property is encumbered as follows: First mortgage A, 441,433 Second mortgage B, 81,910 Third mortgage C, 14,512 How much can mortgagee B pay for the property at a foreclosure sale without having to raise additional funds?
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