If $800,000 of 11% bonds are issued at 102 3/4, the amount of cash received from the sale is Oa. $800,000 Ob. $888,000 Oc. $822,000 Od. $600,000

EBK CFIN
6th Edition
ISBN:9781337671743
Author:BESLEY
Publisher:BESLEY
Chapter12: Capital Structure
Section: Chapter Questions
Problem 1PROB
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If $800,000 of 11% bonds are issued at 102 3/4, the amount of cash received from the sale is
Oa. $800,000
Ob. $888,000
Oc. $822,000
Od. $600,000
Transcribed Image Text:If $800,000 of 11% bonds are issued at 102 3/4, the amount of cash received from the sale is Oa. $800,000 Ob. $888,000 Oc. $822,000 Od. $600,000
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