Bonds to maturity problem

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Reference no: EM13126373

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

Reference no: EM13126373

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