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A company paid $37,800 plus a broker's fee of $525 to acquire 8% bonds with

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A company paid $37,800 plus a broker's fee of $525 to acquire 8% bonds with a $40,000 maturity value. The company intends to hold the bonds to maturity. The cash proceeds the company will receive when the bonds mature equal;a. $37,800.;b. $38,325.;c. $40,000;d. $40,525;e. $43,200

 

Paper#25024 | Written in 18-Jul-2015

Price : $22
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