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Jefferson, Inc., purhcased $1 million of Conrad Company, 7% bonds at par on July 1, 2019, with interest paid semi-annually. Calculate interest revenue for December

Jefferson, Inc., purhcased $1 million of Conrad Company, 7% bonds at par on July 1, 2019, with interest paid semi-annually. Calculate interest revenue for December 31, 2019.

a. $140,000

b. $53,000

c $35,000

d. $70,000

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