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If $842,000 of 12% bonds are issued at 102 1/2, what is the amount of cash received from the sale? Select the correct answer. $842,000

If $842,000 of 12% bonds are issued at 102 1/2, what is the amount of cash received from the sale?

Select the correct answer.

$842,000

$863,050

$943,040

$631,500

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