Multiple Choice
A company has an investment in 9% bonds with a par value of $100,000 that pay interest on October 1 and April 1. The amount of interest accrued on December 31 (the company's year-end) would be:
A) $9,000.
B) $1,500.
C) $2,250.
D) $750.
E) $4,500.
Correct Answer:
Verified
Correct Answer:
Verified
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