A company paid $47,800 to acquire 8% bonds with a $50,000 maturity value. The company intends...
A company paid $47,800 to acquire 8% bonds with a $50,000 maturity value. The company intends to hold the bonds to maturity. The cash proceeds the company will receive when the bonds mature equal:
Multiple Choice
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$50,000.
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$50,775.
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$47,800.
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$48,575.
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$54,000.
Homework Answers
As per question says bond is issued at discount but maturity value is equal to face value.
So issue value = 47800
Face value = 50000
So answer is a) $50000
Add Answer to:
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