phillipsk5205 phillipsk5205

07-04-2020
Business

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A company paid $38,800 to acquire 7% bonds with a $41,000 maturity value. The company intends to hold the bonds to maturity. The cash proceeds the company will receive when the bonds mature equal: Multiple Choice $39,350. $43,870. $41,550. $41,000. $38,800.

Respuesta :

alizaybhatti43 alizaybhatti43

12-04-2020

Answer:

Correct option is B.

$43,870

Explanation:

Cash proceeds the company will receive

= $41,000 + $41,000x 7%

= $43,870

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