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A Company Owns $100,000 of 9% Bonds That Pay Interest

Question 68

Multiple Choice

A company owns $100,000 of 9% bonds 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) $750
B) $1,500
C) $2,250
D) $4,500
E) $9,000

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