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The Amazing Widget Company issues $500,000 of 6%, 10-year bonds at 103 on March 31, 2018. The bond pays interest on March 31 and September
The Amazing Widget Company issues $500,000 of 6%, 10-year bonds at 103 on March 31, 2018. The bond pays interest on March 31 and September 30. The market rate of interest on the issuance date was 4%. On September 30, 2018, how much cash did the company pay out to bondholders? A. $14,250 B. $30,000 C. $15,000 D. $7,500
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