Multiple Choice
On 1 June 2017,Smith Services issued $38,000 of 10% debentures that mature in five years.They were sold at par.The debentures pay semiannual interest payments on 30 June and 31 December of each year.On 31 December 2017,how much is the total interest payments made to investors?
A) $1266.67
B) $3800.00
C) $950.00
D) $1900.00
Correct Answer:
Verified
Correct Answer:
Verified
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