SOLUTION: If $1,000,000 of 8% bonds are issued at 102 1/2, the amount of cash received from the sale is _______. (Points: 4)

SOLUTION: If $1,000,000 of 8% bonds are issued at 102 1/2, the amount of cash received from the sale is _______. (Points: 4)

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Question 212064: If $1,000,000 of 8% bonds are issued at 102 1/2, the amount of cash received from the sale is _______. (Points: 4)
Answer by edjones(8007) (Show Source): You can put this solution on YOUR website!
$1,025,000.
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