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A bond with a face amount of $2,400,000 and a quoted price of 105% will have cash proceeds of $3,605,400. O $2,520,600. O $2,526,000. $2,520,000

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A bond with a face amount of $2,400,000 and a quoted price of 105% will have cash proceeds of $3,605,400. O $2,520,600. O $2,526,000. $2,520,000

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