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On January 1 , Koko Company issued 1 0 - year, 5 % bonds with a face value of $ 1 0 0 , 0

On January

1,

Koko Company issued

10 -

year,

5 %

bonds with a face value of $

100, 000

and a quoted price of

103.25 .

How much cash will Koko receive for the sale of the bonds?

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