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26 December, 21:59

If $500,000 of 8% bonds are issued at 102, the amount of cash received from the sale is:

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  1. 26 December, 22:25
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    The amount is $510,000

    Step-by-step explanation:

    Amount of cash received from the sale of bonds is the product of the Face value of bond and the Bond quote divided by 100.

    Face Value = $500,000

    Bond Quote = 102

    Amount = $500,000 * 102/100

    = $510,000
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