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If $650,000 of 8% bonds are issued at 96, the amount of cash received from the sale is a. $650,000 b. $702,000 c. $624,000 d.

If $650,000 of 8% bonds are issued at 96, the amount of cash received from the sale is

a. $650,000

b. $702,000

c. $624,000

d. $598,000

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