Solved

The Alfa Co

Question 81

Multiple Choice

The Alfa Co.has a 12% bond outstanding on a $1,000 face value bond that pays interest on February 1st and July 1st.Today is March 1st and you are planning to purchase one of these bonds.How much will you pay in accrued interest?


A) $10
B) $20
C) $30
D) $60

Correct Answer:

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