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On January 1, Bank, Rupp, & Baroque, Inc issued $50,000 worth of 10-year, 9% bonds for $49890. What is the amount for the first year
On January 1, Bank, Rupp, & Baroque, Inc issued $50,000 worth of 10-year, 9% bonds for $49890. What is the amount for the first year interest payment?
A. $4,500
B. 4,400
C. 1,100
D. 88.80
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Financial Accounting Theory
Authors: William R. Scott
3rd Edition
0130655775, 9780130655776
