A company paid $32,800 plus a broker's fee of $400 to acquire 8% bonds with a $35,000 maturity value. The company intends to hold the bonds to maturity. The cash proceeds the company will receive when the bonds mature equal:
A. $35,400.
B. $37,800.
C. $35,000.
D. $33,200.
E. $32,800.
Answer: C
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What will be an ideal response?