Question: If $ 2 , 0 0 0 , 0 0 0 of 1 0 % bonds are issued at 9 7 , the amount of

If $2,000,000 of 10% bonds are issued at 97, the amount of cash received from the sale is
a. $2,000,000
b. $2,000,000
c. $2,100,000
d. $1,940,000
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If $ 2 , 0 0 0 , 0 0 0 of 1 0 % bonds are issued

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