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Word Lab Limited Issues $200,000 of Its 9% Bonds at Par

Question 25

Multiple Choice

Word Lab Limited issues $200,000 of its 9% bonds at par on April 1,which is 4 months after the original issue date.How much interest should Mike collect from the buyer?


A) $750
B) $5,250
C) $1,500
D) $3,000
E) $6,000

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