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If $ 8 7 8 , 0 0 0 of 1 2 % bonds are issued at 1 0 2 1 2 , the amount

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If $878,000 of 12% bonds are issued at 10212, the amount of cash received from the sale is
a. $899,950
b. $878,000
c. $658,500
d. $983,360
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