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28 August, 19:54

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.

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  1. 28 August, 20:16
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    Correct option is B.

    $43,870

    Explanation:

    Cash proceeds the company will receive

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

    = $43,870
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