A company paid $37,800 plus a broker's fee of $525 to acquire 8% bonds with a $40,000 maturity value. The company intends to hold the bonds to maturity. The cash proceeds the company will receive when the bonds mature equal:
A. $43,200.
B. $38,325.
C. $37,800.
D. $40,000.
E. $40,525.
Answer: D
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