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On June 1, 2017, Wilke Services issued $38,000 of 12% bonds that mature in five years. The bonds were issued at a premium, for a
On June 1, 2017, Wilke Services issued $38,000 of 12% bonds that mature in five years. The bonds were issued at a premium, for a total of $39,710. The bonds pay semiannual interest payment on June 30 and December 31 of each year. On December 31, 2017, how much interest is paid to bondholders?
a. $2,280
b. $4,560
c. $2,383
d. $4,765
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