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Compute the cash proceeds the company will receive

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Question - A company paid $27,800 plus a broker's fee of $275 to acquire 8% bonds with a $30,000 maturity value. The company intends to hold the bonds to maturity. The cash proceeds the company will receive when the bonds mature equal:

A. $28,075

B. $32,400

C. $30,000

D. $30,275

E. $27,800

Reference no: EM132091160

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