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If $661,000 of 9% bonds are issued at 95, the amount of cash received from the sale is a. $627,950 b. $720,490 c. $661,000 d.

If $661,000 of 9% bonds are issued at 95, the amount of cash received from the sale is

a. $627,950

b. $720,490

c. $661,000

d. $601,510

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