Multiple Choice
A company purchased $60,000 of 5% bonds on May 1 at par value.The bonds pay interest on March 1 and September 1.The amount of interest accrued on December 31 (the company's year-end) would be:
A) $1,000.
B) $500.
C) $1,250.
D) $2,500.
E) $1,500.
Correct Answer:
Verified
Correct Answer:
Verified
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