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Monroe Corp. plans to sell 10,000 bonds each with a face value of $1,000. If all of the bonds sell for $955 each and the

Monroe Corp. plans to sell 10,000 bonds each with a face value of $1,000. If all of the bonds sell for $955 each and the firm's investment banker receives a commission of 3.30% for every bond sold, what are the net proceeds to the firm from the sale of the 10,000 bonds? $9, 315,000 $9, 215,000 $9, 234, 850 $9, 110, 750

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