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    If $1,000,000, 8% bonds are issued at 102 1/2, the amount of cash received is?

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    Question 3:

    If $1,000,000 of 8% bonds are issued at 102 1/2, the amount of cash received from the sale is:

    © BrainMass Inc. brainmass.com June 3, 2020, 6:56 pm ad1c9bdddf
    https://brainmass.com/business/cash/if-1-000-000-8-bonds-are-issued-at-102-1-2-the-amount-of-cash-received-is-80222

    Solution Preview

    The fact that the bonds were issued at 102 1/2 (102.5) implies that they sold for ...

    Solution Summary

    The solution explains the calculation and gives us the correct answer.

    $2.19

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