Question: If $ 1 , 0 8 3 , 0 0 0 of 1 1 % bonds are issued at 1 0 2 1 / 2

If $1,083,000 of 11% bonds are issued at 1021/2, the amount of cash received from the sale is
a. $1,083,000
b. $1,202,130
c. $1,110,075
d. $812,250

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