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Carter Industries issues $1,800,000 of 9% bonds at 98. What is the amount of cash Carter would receive from the sale? a. $1,764,000 b. $1,800,000 c. $1,836,000 d. $1,600,000 e. None of the above

Carter Industries issues $1,800,000 of 9% bonds at 98. What is the amount of cash Carter would receive from the sale? a. $1,764,000 b. $1,800,000 c. $1,836,000 d. $1,600,000 e. None of the above

EBK CFIN
EBK CFIN
6th Edition
ISBN:9781337671743
Author:BESLEY
Publisher:BESLEY
Chapter3: The Financial Environment: Markets, Institutions And Investment Banking
Section: Chapter Questions
Problem 19PROB
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Carter Industries issues $1,800,000 of 9% bonds at 98. What is the amount of cash Carter would receive from the sale? a. $1,764,000 b. $1,800,000 c. $1,836,000 d. $1,600,000 e. None of the above
Transcribed Image Text:Carter Industries issues $1,800,000 of 9% bonds at 98. What is the amount of cash Carter would receive from the sale? a. $1,764,000 b. $1,800,000 c. $1,836,000 d. $1,600,000 e. None of the above
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