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Find the cost of this long-term investments in bonds

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Question - Berryhill Company purchased $100,000 bonds at 104. Accrued interest for three months was $1,000; brokerage fees were $500. Find the cost of this long-term investments in bonds?

a. $106,000

b. $104,500

c. $105,000

d. $104,000

e. $106,500

Reference no: EM132629771

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