Blanding Company Issues $1,020,000 of 8%,10-Year Debentures at 94 on 28

question 4

Multiple Choice

Blanding Company issues $1,020,000 of 8%,10-year debentures at 94 on 28 February 2017.The debentures pay interest on 28 February and 31 August.On 31 August 2017,how much cash did Blanding pay out to investors? (Round to the nearest dollar. )

• A)$40,800
• B)$39,780
• C)$41,820
• D)$81,600

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Definitions:

Autonomy

Independence. Intellectual autonomy is the ability of a rational person to reach his or her own conclusions about what to believe and what not to believe. Moral autonomy is the ability of a rational person to reach his or her own moral conclusions about what is right and what is wrong. (This does not mean that people will necessarily come to different conclusions.)

Psychological

Pertaining to the mind or mental processes, often focusing on behavior, cognition, emotions, and the mental functions in individuals.

Kant

Refers to Immanuel Kant, an 18th-century German philosopher who made pivotal contributions to the development of modern philosophy, especially in the areas of epistemology and ethics.

Universalizability

The ability to be applied to everyone without exception. This is an essential feature of moral principles, according to Immanuel Kant and others.