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QUESTION
A company paid $46,800 plus a broker's fee of $750 to acquire 11% bonds with a $49,000 maturity value. The company intends to hold the bonds to...
A company paid $46,800 plus a broker's fee of $750 to acquire 11% bonds with a $49,000 maturity value. The company intends to hold the bonds to maturity. The cash proceeds the company will receive when the bonds mature equal:
