Question: If $ 1 , 0 0 0 , 0 0 0 of 7 % bonds are issued at 1 0 5 , the amount of

If $1,000,000 of 7% bonds are issued at 105, the amount of cash received from the sale is
1
a. $1,050,000.
2
b. $1,070,000.
3
C. $990,476.
d. $1,000,000.
If $1,000,000 of 7% bonds are issued at 105, the amount

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