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#12 If $990,000 of 12% bonds are issued at 1021/2, the amount of cash received from the sale is a. $990,000 b. $1,108,800 c. $1,014,750

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If $990,000 of 12% bonds are issued at 1021/2, the amount of cash received from the sale is a. $990,000 b. $1,108,800 c. $1,014,750 d. $742,500

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