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If $976,000 of 9% bonds are issued at 102 1/2, what is the amount of cash received from the sale? Select the correct answer. $976,000

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If $976,000 of 9% bonds are issued at 102 1/2, what is the amount of cash received from the sale? Select the correct answer. $976,000 $1,063,840 $1,000,400 $732,000

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