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If $442,000 of 9% bonds are issued at 94, the amount of cash received from the sale is a. $442,000 b. $415,480 c. $481,780 d.

If $442,000 of 9% bonds are issued at 94, the amount of cash received from the sale is

a. $442,000

b. $415,480

c. $481,780

d. $402,220

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