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Interest for bond ( held - to - maturity ) investments On February 1 , Hansen Company purchased $ 7 2 , 0 0 0
Interest for bond heldtomaturity investments
On February Hansen Company purchased $ of year Knight Company bonds at their face amount plus months accrued interest. The bonds pay interest on January and July On October Hansen Company sold $ of the Knight Company bonds acquired on February plus months accrued interest. On December months interest was accrued for the remaining bonds.
Determine the interest earned by Hansen Company on Knight Company bonds for the year.
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