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If $848,000 of 8% bonds are issued at 102, what is the amount of cash received from the sale? Select the correct answer. $915,840 $848,000

If $848,000 of 8% bonds are issued at 102, what is the amount of cash received from the sale?

Select the correct answer.

$915,840

$848,000

$822,560

$864,960

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