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On January 1, Bank, Rupp & Baroque, Inc. issued $50,000 worth of 10-year, 9% bonds for $48.890, What is the amount of the first year's
On January 1, Bank, Rupp & Baroque, Inc. issued $50,000 worth of 10-year, 9% bonds for $48.890, What is the amount of the first year's interest payment? Select one: a. $4,500.00 b. $88.80 c. $1,100.00 d. $4,400.10
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