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If a 5 -year, 6% bond with a face amount of $1,000,000 is issued at 97, the proceeds of the bond issuance will be a.

If a 5 -year, 6% bond with a face amount of $1,000,000 is issued at 97, the proceeds of the bond issuance will be a. $976,000. b. $970,000. C. $1,030,000. d. $1,000,000

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