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

Question Content Area
If $1,000,000 of 8% bonds are issued at 1023/4, the amount of cash received from the sale is
a. $1,080,000
b. $972,500
c. $1,000,000
d. $1,027,500

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