If $470,000 of 10% bonds are issued at 97, the amount of cash received from the sale is Oa. $470,000 Ob. $423,000 c. $517,000 Od. $455,900

EBK CFIN
6th Edition
ISBN:9781337671743
Author:BESLEY
Publisher:BESLEY
Chapter12: Capital Structure
Section: Chapter Questions
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If $470,000 of 10% bonds are issued at 97, the amount of cash received from the sale is

 
If $470,000 of 10% bonds are issued at 97, the amount of cash received from the sale is
Oa. $470,000
Ob. $423,000
c. $517,000
Od. $455,900
Transcribed Image Text:If $470,000 of 10% bonds are issued at 97, the amount of cash received from the sale is Oa. $470,000 Ob. $423,000 c. $517,000 Od. $455,900
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