On the maturity date, the bondholders of $1,000,000 of bonds that pay 10% annually that were issued at $990,000 will be paid ______.
a. $1,000,000 plus the last year's interest of $99,000
b. $0, since there is no transaction on the maturity date
c. $990,000 plus the last year's interest of $99,000
d. $990,000 plus the last year's interest of $100,000
e. $1,000,000 plus the last year's interest of $100,000
Ans: e. $1,000,000 plus the last year's interest of $100,000
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