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If a $1,000,9 Percent,10-Year Bond Was Issued at 96 Plus

Question 91

Multiple Choice

If a $1,000,9 percent,10-year bond was issued at 96 plus accrued interest one month after the authorization date,how much cash was received by the issuer?


A) $967.50
B) $960.00
C) $1,007.50
D) $992.50

Correct Answer:

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