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    lucy88's Avatar
    lucy88 Posts: 2, Reputation: 1
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    #1

    Nov 13, 2009, 08:27 PM
    Amount of cah received from sale of bond
    1,000,000 of 8% bonds are issued at 105, how much cash would be received from the sale
    ROLCAM's Avatar
    ROLCAM Posts: 1,420, Reputation: 23
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    #2

    Nov 13, 2009, 10:02 PM

    Depends very much on the Market Price
    Of the date of Sale.
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
    Uber Member
    		  
    #3

    Nov 16, 2009, 01:58 AM

    (Pst, Rolcam, this is homework.)

    They sell at 105, which means 105% of the face value.
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