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Dallas Corporation issues $40,000 in 3-year zero-coupon bonds with a negotiated interest rate of 4%. Which of the following is the cash Dallas will receive

Dallas Corporation issues $40,000 in 3-year zero-coupon bonds with a negotiated interest rate of 4%. Which of the following is the cash Dallas will receive from investors for these bonds?

a.$40,000

b.$37,200

c.$35,560

d.$38,100

e.$36,750

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