Multiple Choice
A company issues 9% bonds with a par value of $100,000 at par on April 1,which is 4 months after the most recent interest date.The cash received for accrued interest on April 1 by the bond issuer is:
A) $750.
B) $5,250.
C) $1,500.
D) $3,000.
E) $6,000.
Correct Answer:
Verified
Correct Answer:
Verified
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