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If a $15,000,8 Percent,20-Year Bond Was Issued at 96 on November

Question 23

Multiple Choice

If a $15,000,8 percent,20-year bond was issued at 96 on November 1,how much will accrued interest payable be on December 31 if interest payments are made annually?


A) $200
B) $195
C) $205
D) $192

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