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If $1,000,000 of 10% bonds are issued at 98 3/4, the amount of cash received from the sale is a. $975,000. b. $980,000. c. $987,500.

If $1,000,000 of 10% bonds are issued at 98 3/4, the amount of cash received from the sale is

$975,000.

$980,000.

$987,500.

$1,000,000.

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