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If $848,000 of 7% bonds are issued at 102 1/2, what is the amount of cash received from the sale? Select the correct answer. $869,200

If $848,000 of 7% bonds are issued at 102 1/2, what is the amount of cash received from the sale? Select the correct answer. $869,200 $848,000 $907,360 $636,000

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