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14. If $1,000,000 of 8% bonds are issued at 98 1/2, the amount of cash received from the sale is a. $1,080,000 b. $985,000

14. If $1,000,000 of 8% bonds are issued at 98 1/2, the amount of cash received from the sale is a. $1,080,000 b. $985,000 c. $1,000,000 d. $1,027,500

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