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Question 3 3.12 A company issues bonds at par on June 1. These 7% bonds have a par value of $500,000 and pay interest annually.

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Question 3 3.12 A company issues bonds at par on June 1. These 7% bonds have a par value of $500,000 and pay interest annually. June 1 is five months after the most recent interest payment date. How much tota cash interest is received on June 1 by the bond issuer? O $2,916.66 $0 O $14,583.33 $35,000.00 O $100,000.00

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