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If $ 1 , 0 5 3 , 0 0 0 of 1 0 % bonds are issued at 1 0 2 1 / 2

If $1,053,000 of 10% bonds are issued at 1021/2, the amount of cash received from the sale is
a. $1,079,325
b. $1,053,000
c. $1,158,300
d. $789,750

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