If

$1,000,000

of

8%

bonds are issued at

(1023)/(4)

, the amount of cash received from the sale is\ a.

$972,500

\ b.

$1,027,500

\ c.

$1,000,000

\ d.

$1,080,000

If $1,000,000 of 8% bonds are issued at 1023/4, the amount of cash received from the sale is a. $972,500 b. $1,027,500 c. $1,000,000 d. $1,080,000