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A contractor needs a $25,000 contractor bond and a $25,000 qualifying individual bond. What total bond amount is represented?

Correct Answer

D) $50,000.

Two bonds of $25,000 each total $50,000.

Answer Options
A
$60,000.
B
$49,900.
C
$52,500.
D
$50,000.

Why This Is the Correct Answer

Two bonds of $25,000 each total $50,000.

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