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A company issues at par 10% bonds with a par value of $147,000 on April 1, which is 4 months after the most recent interest
A company issues at par 10% bonds with a par value of $147,000 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: |
$1,225.
$9,800.
$2,450.
$4,900.
$8,575.
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