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If $1,000,000 of 8% bonds are issued at 105, the amount of cash received from the sale is: a. $950,000 b. $1,080,000 c. $1,050,000 d.

If $1,000,000 of 8% bonds are issued at 105, the amount of cash received from the sale is: a. $950,000 b. $1,080,000 c. $1,050,000 d. $1,000,000

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