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A 10%, $10,000 bond is purchased at face value on 4/1/25. Brokerage fees are an...

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Accounting

A 10%, $10,000 bond is purchased at face value on 4/1/25. Brokerage fees are an extra $100, paid on the purchase date. Interest is paid annually by the issuer each January 1. The total cash paid by the investor on 4/1/25 is:

Select one:

a. $10,100

b. $10,250

c. $10,350

d. $10,850

e. $10,750

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