Question: If $ 4 , 0 0 0 , 0 0 0 of 1 0 % bonds are issued at 9 7 , the amount of

If $4,000,000 of 10% bonds are issued at 97, the amount of cash received from the sale is
A. $4,000,000
B. $4,400,000
C. $3,492,000
D. $3,880,000
If $4,000,000 of 10% bonds are issued at 97, the amount

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