On December 31,IOU Corporation issued $100,000 of 10-year,8% bonds at 98.The bonds pay interest annually on December 31.How much cash will bondholders receive when the bonds mature? (Assume that the final payment of interest has already been made separately.)
A) $784,000
B) $100,000
C) $1,000,000
D) $98,000
Correct Answer:
Verified
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