ASU BIO201 Human Anatomy Physiology I Exam 1 Practice

If a $10,000, 5% bond is issued at 102, what is the cash received upon issuance?

$9,800 $10,000 $10,200 $10,500

$10,200

Issuing at 102 means the bond is sold at 102% of its face value. $10,000 * 1.02 = $10,200.

Access more questions from this quiz

Continue to ASU BIO201 Human Anatomy Physiology I Exam 1 Practice for more practice questions and the full quiz experience.