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If $ 4 , 0 0 0 , 0 0 0 of 1 0 % bonds are issued at 9 7 , the amount of

If $

4, 000, 000

10 %

bonds are issued at

97,

the amount of cash received from the sale is

.

4, 000, 000

.

4, 400, 000

.

3, 492, 000

.

3, 880, 000

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