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If $315,000 of 10% bonds are issued at 98, the amount of cash received from the sale is a.$315,000 b.$283,500 c.$308,700 d.$346,500

If $315,000 of 10% bonds are issued at 98, the amount of cash received from the sale is

a.$315,000

b.$283,500

c.$308,700

d.$346,500

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