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10. Raleigh Company issued $700,000 with a stated rate of 8%. Which of the following is a possibility in terms of cash received when the

10. Raleigh Company issued $700,000 with a stated rate of 8%. Which of the following is a possibility in terms of cash received when the bond was issued? a. received $727,000, when the market/effective rate was 10% b. received $679,000, when the market/effective rate was 9% c. received $713,000, when the market/effective rate was 8% d. received $681,000, when the market/effective rate was 7%

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