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Mark D
Mark D, Enrolled Agent
Category: Tax
Satisfied Customers: 1304
Experience:  MBA, EA, Specializing in Business and Individual Tax Returns and Issues
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if $1,000,000 of 8% bonds are issued at 102 1/2 , the ...

Customer Question

if $1,000,000 of 8% bonds are issued at 102 1/2 , the amount of cash received from the sale is?
Submitted: 9 years ago.
Category: Tax
Expert:  Mark D replied 9 years ago.

Assuming there are no underwriter or other issue fees, the cash received at issue would be $1,025,000 ($1,000,000 * 1.025%).


Mark D