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Grayson Company purchased $400,000 bonds at 101. Accrued interest for three months was $10,000, and brokerage fees were $6,000, The cost of this long-term investment

Grayson Company purchased $400,000 bonds at 101. Accrued interest for three months was $10,000, and brokerage fees were $6,000, The cost of this long-term investment in bonds is Select one: a. $420,000 b. $414,000 c. $410,000 d. $400,000 e. $406,000

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