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A 10%, $10,000 bond is purchased at face value on 4/1/25. Brokerage fees are an extra $100, paid on the purchase date. Interest is paid
A 10%, $10,000 bond is purchased at face value on 4/1/25. Brokerage fees are an extra $100, paid on the purchase date. Interest is paid annually by the issuer each January 1. The total cash paid by the investor on 4/1/25 is:
Select one:
a. $10,100
b. $10,250
c. $10,350
d. $10,850
e. $10,750
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