Question: If $ 1 , 0 3 2 , 0 0 0 of 1 2 % bonds are issued at 1 0 2 1 / 2

If $1,032,000 of 12% bonds are issued at 1021/2, the amount of cash received from the sale is
a. $1,057,800
b. $1,032,000
c. $1,155,840
d. $774,000

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