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Conner Company borrows $187,500 cash on November 1, 2013, by signing a 90-day, 8% note. What is the total amount of interest expense that Conner

Conner Company borrows $187,500 cash on November 1, 2013, by signing a 90-day, 8% note. What is the total amount of interest expense that Conner will recognize for this note?

a.$3,750.

b.$2,973.

c.$15,000.

d.$1,500.

e.$0, no interest expense is recognized.

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